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Saturday 2 December 2023 Dublin: 2°C

# Corporation Tax

Last month
November 2023
Corporation tax receipts fall by €1 billion in October, declining for a third consecutive month
In total, the state collected €5.1 billion in revenue in October.
This year
2023
Corporation tax receipts fall to €1.8 billion in September, exchequer returns show
It is the second consecutive month in which corporate tax declined year-on-year.
'Hard choices need to be made': Large budget package would be a mistake says Fiscal Council
The report warned against overspending, which could further add to inflationary pressures felt by many.
Minister says €1 billion drop in corporation tax highlights ‘vulnerabilities’ in public finances
Corporation tax receipts this August dropped by 36% when compared to last August.
Why the government is set to break its own budget rules for the second year in-a-row
Paul O’Donoghue looks at why government is going against advice from serious entities.
IFAC: One-third of corporation tax income from past five years came from just three companies
That’s according to a new report by the Irish Fiscal Advisory Council.
Ireland may join the likes of Norway and Saudi Arabia as sovereign wealth fund considered
Finance Minister Michael McGrath said that corporation tax receipts are likely to total €12 billion this year.
Government has cash at its disposal ahead of Budget 2024 with €16bn surplus for next year
Finance Minister Michael McGrath was reluctant to commit to a giveaway budget this year, stating that inflation is now lower than last year.
Corporation tax up 71% in the first quarter of 2023 - but half of it is 'unlikely to be permanent'
However, Finance Minister Michael McGrath has said around half of that tax take is unlikely to be permanent.
15% corporation tax rate for large multinationals to be introduced from next January
Finance Minister Michael McGrath confirmed that he will bring a memo to Cabinet this week to introduce the measure.
Last year
2022
Bumper €5 billion worth of corporation tax collected in November as Donohoe urges caution
A total of €77.5 billion has been collected by the Exchequer so far in 2022.
Exchequer surplus of €7.3 billion recorded in year to the end of October
This compares to a deficit of €7.4 billion in the same period last year.
The Explainer: What type of tax system does Ireland have?
Is it progressive? And what does that even mean? The ESRI’s Barra Roantree joins us on this week’s episode to explain all.
Govt raise concerns about corporate tax volatility as receipts double in last five years
The Finance Minister said that €1 in every €4 of tax collected is corporation tax.
Irish corporation tax revenues set to decline from 2023 onwards, says Donohoe
New figures revealed that Irish tax receipts surged to their highest ever level last year at 68.4 billion euro.
All time
Explainer: Why is Ireland about to raise its corporation tax rate from 12.5% to 15%?
It could be 2023 or 2024 by the time the new rules are actually implemented.
After months of negotiating, the Government is expected to sign Ireland up to a new 15% global minimum rate of corporation tax.
There is considerable uncertainty about what the changes will mean for the Irish economy and public finances.
But it could be 2023 or 2024 by the time the new rules are actually implemented.
Ireland's corporation tax receipts set to take a hit under new rules and fall by up to €2bn
Ireland's corporation tax take expected to rise again this year, but Donohoe admits it can't be relied upon in future
Phrase 'at least' being removed from draft OECD tax deal
The government said today that no decision has yet been taken on whether Ireland will sign up.
Leo Varadkar's claims on corporation tax changes challenged
Varadkar had said if Ireland signs up to OECD plans for a global minimum rate, it would only apply to firms earning over 750 million US dollars a year.
Macron says France 'not putting pressure' on Ireland over corporation tax rate
The French president said he believes that Ireland and France will “find the right path” together.
Amid pressure on Ireland, Donohoe 'won't speculate' on future position on corporation tax
In its Summer Economic Statement, the Government has revised Irish growth projections upwards.
Under pressure to commit Ireland to corporation tax hike, Donohoe meets with US Treasury secretary Yellen
One of just three EU member states to oppose the international agreement
Ireland is holding out on the historic global deal on corporate tax. Why? And at what cost?
Ireland is one of just nine countries out of 139 to reject the deal.
Poll: Should Ireland increase its corporate tax rate?
130 countries have agreed a global tax reform on corporation tax but Ireland wasn’t among them.
G7 countries move closer to 15% corporation tax plan as Finance Minister defends Ireland's 12.5% rate
Paschal Donohoe said he wanted to keep Ireland’s rate to “maintain and grow” employment.
Multinationals now have to declare how much tax they pay in each EU country, under new tax rules
Ireland’s EU Commissioner Mairéad McGuinness, in charge of financial services and stability, heralded the decision as “great news”.
Ireland's budgetary watchdog barks over 'large, permanent increases' in government spending
Details about the cost of reforms like Sláintecare are thin on the ground beyond 2021, IFAC says.
Higher, more progressive taxes could be needed to fund future government spending, says ESRI
Unwinding ‘questionable’ tax reliefs that distort the property market could also be considered.
'A 30-year race to the bottom': Why might the Biden global tax plan spell trouble for Ireland's entire economic model?
A proposed global minimum rate of corporation tax could undermine Ireland’s advantage.
The Biden administration has recommitted the US to global tax reform talks.
American wants a 21% global minimum rate of corporation tax.
Ireland's famous 12.5% rate looks likely to come under severe pressure.
Pandemic 'solidarity tax' on wealthy individuals or companies is on the table, says IMF
The IMF has also backed calls for a global minimum rate of corporation tax.
Biden administration could 'heighten' US engagement on global tax reform, says Paschal Donohoe
Donohoe was speaking at the launch of an update to Ireland’s corporation tax roadmap.
'A bad day for the taxpayer': Opposition TDs accuse government of 'throwing away' Apple's €13 billion
Apple and Ireland won their appeal against the European Commission’s €13 billion tax ruling.
Ireland's corporation tax receipts set to take a hit under new rules and fall by up to €2bn
Ireland’s corporation tax increased again this year.
Using 'volatile' corporate tax receipts to plug spending overruns may be unsustainable, watchdog warns
As much as €6 billion in corporate tax receipts is “excess” and unexplained, the Irish Fiscal Advisory Council has said.
The global tax world is shifting and it might not be good news for Ireland - what comes next?
The State is staring down the barrel of a new tax reality, one that could cost the Exchequer billions.
Ireland's corporation tax revenue may not prove 'sustainable', warn Central Bank economists
Brexit and lower corporation tax receipts could leave Ireland uniquely vulnerable.
Question: Do you want Ireland to maintain its current corporation tax regime?
Ireland’s corporation tax currently stands at 12.5%.
Corporate tax reliance leaves us 'highly vulnerable to the relocation of even one large company'
The ESRI has been looking at the impact Budget 2019 will have.
Ministers told corporation tax windfall will not be used in next week's Budget
Taoiseach says measures to put money into people’s pockets next week will be “modest”.
Taoiseach raised Trump's 'fake news' Irish corporate tax comment with acting US ambassador
In a speech, Donald Trump said Ireland has plans to reduce its corporate tax rate to 8%.
Apple and Google to be asked to appear before the PAC to explain their tax affairs
Google, Apple, JP Morgan, City Bank, GlaxoSmithKline and Pfizer will be invited to appear before a government committee.