Corporation tax to undershoot Govt targets by €750m

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Corporation tax will undershoot Government targets this year by €750m, according to the White Paper published by the Department of Finance.

The report, published last night, sets out the position of the public finances before any decisions are taken in next week's Budget.

This year’s projected surplus will be further reduced by whatever cost of living supports the Government announces next week. He also said he will unveil a plan on Tuesday setting out what the Government intends to do with"...the projected surpluses for the years ahead". The figures show overall tax revenue this year is expected to be €88.35billion and €93.2billion next year.

 

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