Days of surging corporation tax receipts are over, warns McGrath

Talks intensify ahead of budget on October 10, with concerns around overspends in the Departments of Health and Children and a drop in corporation tax for the second consecutive month

Finance Minister Michael McGrath and Public Expenditure Minister Paschal Donohoe will today  hold a marathon round of bilateral budget meetings with ministerial colleagues ahead of briefing the three Coalition leaders this evening. File picture: PA

The days of surging corporation tax receipts are over,  Finance Minister Michael McGrath has warned, as budget negotiations kick up a notch today

This year's tax take will "undershoot" predictions. That, coupled with an overspend in the Departments of Health and Children, is set to squeeze the parameters of next Tuesday's budget.