The prediction of a higher corporation tax take this year will be confirmed in the Stability Programme Update, which will be published on April 18th.
The full implementation of the deal on base erosion and profit shifting in corporation tax, spearheaded by the Organisation for Economic Co-operation and Development , will have a negative impact on Irish receipts, he said. Under Pillar One of the OECD’s landmark reform deal, agreed in 2021, taxing rights will be reallocated to market jurisdictions while under Pillar Two a new effective minimum corporate tax rate of 15 per cent will be applied to companies with annual turnover of at least €750 million.
It won't last, and all being gobbled up with current spend promises. Sad
200bn plus national debt, and rising.
Not really much good when governments are only capable of squandering the money
All to be handed away to Ukrainians, Asylum Seekers, foreign immigrants and NGOs. That money is Irish people's money that should be spent on IRISH people or used to reduce National Debt. Recession will arrive and so much money will have been wasted. Then they'll tax us to death.
When is the cut to income tax or USC coming? 🕰️ A disgraceful place for honest workers!
Plenty of cash to keep the €30 million a week going to accommodate other nations rejects while leaving our own out on the streets.
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