Ireland's tax regime vulnerable to 'shock' in tech sector due to large salaries

In recent weeks, mass layoffs have been seen at three of the largest players in Ireland’s tech sector — Meta, Twitter, and Stripe. Photo: Gareth Chaney/ Collins Photos

A fifth of Ireland’s workers, and just 10 firms, account for 36% of the country’s entire tax intake, an Oireachtas committee has heard.

In discussing the precarious nature or otherwise of the State’s tax regime with the Public Accounts Committee, officials from the Department of Finance said the top 25% of earners account for 80% of the income tax in Ireland.