US agency warns Ireland's multinational tax lifeline grows thinner

Fitch warning comes amid heightened uncertainty from the US over the trade and tax policies.

Fitch said Ireland remains two notches away from a top 'AAA' rating to reflect the persistent multinational distortions and policy uncertainty.

The Irish economy has grown more reliant on just a small number of multinational companies, with corporation tax receipts from foreign firms now projected to account for nearly one-third of total tax revenue in 2025.

In a new report on the outlook for the economy, New York ratings agency Fitch affirmed Ireland's 'AA' rating and said the outlook was 'stable'.