Ireland’s response to global tax reform

Ireland’s corporation tax revenue in 2020 amounted to €11.8 billion, up 8% on 2019 and was one of the few economies in the world to grow in 2020 with GDP at 3.4 percent largely due to the strong tax receipts from the FDI sector. 

The Government published an updated Corporation Tax Roadmap in January which sets out the significant action taken by Ireland on corporation tax reform and outlines further areas for consideration, consultation and action over the coming months and years. The updated Corporation Tax Roadmap also considers the work of the Inclusive Framework. Ireland has also transposed the EU Anti-Tax Avoidance Directive (ATAD) over successive Finance Acts.