Irish corporate tax boom breaks more records in November

The November total was more than the €4.6bn of corporate receipts collected for the whole of 2014.

Dublin's Docklands where many multinationals have based their European Headquarters. Picture John Coveney

Ireland took in more corporate tax in November than it used to collect in entire years a decade ago, as a recent boom in receipts from multinationals picked up more pace to push the total tax take 25% higher year-to-date.

The treasury took €5bn last month, mostly from a small number of large companies whose European headquarters are in Ireland. That lifted the total corporate receipts so far this year to €21.1bn, up 56% from the same point last year.