Corporation tax receipts could reach €20bn, but risk around them grows

Analysis suggests the potential corporation tax revenue at-risk last year could be in the region of €4bn to €6bn.

“I’ve recognised for some time that there is a concentration risk here,” said Minister for Finance Paschal Donohoe.

Corporation tax receipts are expected to reach €20bn this year and have more than doubled in five years, according to Minister for Finance Paschal Donohoe.

Budgetary watchdog the Irish Fiscal Advisory Council, or Ifac, recently urged government to be cautious when it comes these “risky revenues”.