Minister for Finance urged not to rely on Corporation Tax to fund State expenditure
The Chairman of the Revenue Commissioners Niall Cody has warned that the Minister for Finance will have to be prudent and not rely on Corporation Tax to fund State expenditure.
The publication of the Revenue Commissioner’s annual report today revealed that the amount of Corporation Tax collected by the State last year increased by 26 per cent to €54.6bn with 45% of that coming from the Top 10 Corporate Taxpayers and 73% from the Top 100.
