Changes could leave Ireland 'even more reliant' on corporation tax 

From the middle of next year, large companies will taxed at a 15% effective rate

Corporation tax now makes up a quarter of the country’s total tax revenue, with three-quarters of that being paid by large US multinational companies. Picture: David Creedon

There is a risk Ireland will become even more reliant on corporation tax receipts from just a handful of US multinationals in the coming years as the effective tax rate increases and potential profits from AI and drug investments accrue in just a small number of larger players, a report has said.

Ireland’s corporation tax is highly concentrated in just a few companies, with the Government often warning the windfall receipts in this category cannot be relied upon into the future.