Multinationals help drive State's tax revenues to a new record of €68bn

Paschal Donohoe at a press conference on the publication of the End 2021 Exchequer Statement at Government Buildings in Dublin this afternoon. Picture Gareth Chaney /Collins Photos Dublin

A huge haul from multinationals helped drive the State's overall tax revenues to a new historic level of €68.4bn last year.

The exchequer returns for December confirmed that the Government tax revenues boomed in 2021 despite the ongoing health emergency over Covid and the Omicron variant, as corporation tax revenues exceeded budget expectations by a wide margin.