Business Today: Corporate tax bonanza as budget looms, Kingspan pilloried and the best tech for back to school

The budget is now firmly on the horizon, to the extent that anything related to the economy is seen through that prism. To that end, the latest exchequer returns arereading. Corporation tax receipts more than doubled in August compared to the same month last year, with the latest spike in revenue from the business tax boosting the Government’s financial position ahead of the budget. Laura Slattery reports.

Volkswagen executives warned angry workers on Wednesday that a drastic fall in sales, equivalent to the output of two plants, meansare unavoidable if the group is to survive the next two years. Derek Scally reports that news of looming job cuts – and previously unthinkable factory closures – have struck fear into VW’s German-based workers.a new Dublin hub in a bid to attract more investment from the South.

The chief executive of Ireland’s largest hotel operator said it “let customers down” after a systems error last week that led to theto cut prices while their own costs rose, according to a survey of private firms. The Caixin China services purchasing managers’ index came in at 51.6 in August, down from 52.1 in July. Denis Staunton reports.daily email news digest.

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