Corporate tax receipts expected to reach €20bn this year

New report says there is a ‘compelling case’ to treat up to €6bn in corporate tax receipts as ‘volatile’ and unreliable into the future to ensure sustainability of public finances

Paschal Donohoe, the Minister for Finance, emphasised that the risk posed by the large growth in corporate tax receipts was one that might only materialise in the medium-term, but was important to recognise and plan for it now. Picture: Getty

There is “strong evidence” to suggest bumper corporate tax revenues are “flattering” the overall health of the public finances in a manner “not dissimilar” to what happened with property-related taxes prior to the 2008 crash, a new report from the Department of Finance has said.

The report into the scale of Ireland’s corporate tax receipts said that the concentration of record corporate tax receipts in a small handful of firms represented a risk “not dissimilar ...