Tom McDonnell: Corporate tax receipts under scrutiny

Tax receipts from pharma and ICT sectors which are underperforming relative to recent years may have implications for future Government revenues

Ireland’s corporation tax receipts reached an eye-watering €22.6bn in 2022.

Ireland’s corporation tax policy has long been the focus of fierce debate both inside and outside of Ireland. 

Internally, the policy is generally perceived as the central plank of an extremely successful industrial policy based on attracting foreign direct investment and high-value employment from the US. Externally, Ireland’s corporation tax policy has often proved highly controversial with accusations that Ireland is a de facto tax haven.