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.
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Minister for Finance predicts record corporation tax receipts in 2023Michael McGrath expects last year’s €22.6bn record to be surpassed, but cautioned about future fall-off following OECD moves via IrishTimesBiz
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Record corporation tax receipts predicted for this year by Minister for FinanceRecord corporation tax receipts predicted for 2023 as Minister for Finance Michael McGrath expects last year’s €22.6bn to be surpassed Plenty of cash to keep the €30 million a week going to accommodate other nations rejects while leaving our own out on the streets. When is the cut to income tax or USC coming? 🕰️ A disgraceful place for honest workers! 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.
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