Tax revenues drop by €1bn in October as corporation tax receipts disappoint again

Spotlight on multinationals as tax from corporations falls for third month

Spotlight remains on weakening corporation tax receipts.

The Government collected almost €1bn less in total tax revenues in October compared with the same month last year, as corporation tax receipts disappointed for the third month in a row.

The latest exchequer returns also suggest the consumer economy is in robust health, with Vat and income tax receipts increasing in the month, despite signs of slowing growth in the domestic economy.