Cabinet to hear suggestions for €65bn corporation tax surplus

Enterprise Minister Simon Coveney will seek government approval to draft a national industrial strategy for offshore wind

The paper, to be laid out by Finance Minister Michael McGrath, is expected to set out a number of possible strategies, including the establishment of a long-term focused national reserve fund. File picture: Damien Storan.

Ireland could use windfall corporation tax to set up a State investment fund.

A paper to be discussed by ministers on Tuesday will give a number of options for how to handle the budget surpluses expected to be run in the coming years due to hyper-normal corporation tax receipts.