Medium-term strategy to reduce exposure to corporation tax receipts

Dec 09, 2019

Corporation tax receipts in the year to date are now €1,408 million ahead of target at a total of €10,008 million for the year so far. This excess in corporation tax receipts will be used to increase the end-of year surplus, better positioning Ireland for risks ahead according to the Department of Finance. The Minister for Finance, speaking at the Institute of International and European Affairs last week outlined several external pressures that threaten the Irish Economy which includes the forthcoming changes to global corporation tax policy and highlighted the strategy to reduce such exposure.