Value of 12.5% rate under pressure
Last week saw the announcement of a surge in corporation tax receipts in November – a key month for the business tax. This has put Ireland on course to exceed the budgetary targets for the year.
That good news was bolstered by recent comments by economist Seamus Coffey, chairman of Ireland’s budgetary watchdog the Fiscal Advisory Council, who said that this surge in tax receipts from multinationals based here would continue until at least 2020.
But that’s as far as the good news goes, and it behoves the Irish government not to rest on its laurels, because the global corporation tax system is changing and Ireland can no longer rely ...
