Tax revenue €4 billion ahead of 2022 but Michael McGrath warns of ‘unsustainable’ corporate receipts
Tax revenues to end-July were €47.8 billion, up more than 10 per cent on last year
Tax revenue now stands more than €4 billion ahead of last year, according to new figures from the Department of Finance.
However it has also been noted that a considerable portion of the increase is driven by “potentially unsustainable corporation tax receipts.”
Exchequer figures show that tax revenues to end-July were €47.8 billion, up by €4.3 billion or 10 per cent on last year.
Income tax receipts totalled €18.2 billion to end-July, up by almost ...