About a third of the bounce in 2018 corporation tax revenues linked to 'once-off' factors

A report by the Revenue on surging corporation tax revenues has re-sparked political concerns that Government spending relies too much on once-off revenue bounties.

A small handful of foreign-owned multinationals account for the bulk of the corporation tax receipts collected by the Government, the Revenue report again shows. That corporation tax receipts account for almost a fifth of all tax receipts the Government collected in 2018 is well known, but the Revenue analysis adds new details.