Volatility of corporate tax represents risk to state’s income, Central Bank warns
Some €8.8bn in corporation tax was collected in the first six months of the year, well ahead of the same period in 2021
The “volatility” of corporate tax, its concentration among a small number of multinationals and uncertainty over the impact of international reforms represent important risks to government revenue over the medium term, the Central Bank (CBI) has warned.
Some €8.8 billion in corporation tax was collected by the State in the first six months of this year, well ahead of the same period in 2021.
Just 10 companies were responsible for around half of all corporate ...