Corporate taxes help offset dismal Revenue returns

TAX revenues plummeted further than expected but the amount citizens owe to the Revenue Commissioners is stabilising.

The commissioners’ annual report showed how corporate taxes continued to shore up an otherwise dismal income stream for the state, which remains at 2003 levels.

In terms of policing evaders, the report said a focus on cash trading in taxies, building sites, pubs and shops was stepped up throughout 2010 and the commissioners warned its probing of these sectors will continue this year.