Ireland is more reliant on corporation tax than official data suggests

Irish Fiscal Advisory Council economist believes official Revenue figure is distorted

Corporation tax receipts are likely to be even more reliant on information and communication technology (ICT) and manufacturing groups than official data suggests, an economist with the Fiscal Council has warned.

Corporation tax receipts are likely to be even more reliant on information and communication technology (ICT) and manufacturing groups than official data suggests, an economist with the Irish Fiscal Advisory Council has warned, with any future trade tariffs having serious implications for Ireland's tax income.

While official data published by the Revenue Commissioners shows that about 70% of Ireland’s corporation tax revenues have come from manufacturing, ICT, and financial and insurance activities, Fiscal Council economist Brian Cronin believes this figure is distorted, and in real terms close to 90% of corporation tax revenue comes from ICT and manufacturing alone.