Ireland's soaring corporation tax receipts cushion against no-deal Brexit

Pedro Gonçalves
clock • 2 min read

Ireland's corporation tax receipts for 2019 will be around €300m higher than previous estimates, giving the country the financial firepower to offset a hard Brexit, according to new data. In a paper published ahead of next week's budget, the government said it expected corporation tax receipts of €10.28bn this year, rising to €10.44bn next year. Corporation taxes, which are mostly paid by the large American multinationals that have made their home in Ireland, delivered almost €700m more than they did at this stage last year, totalling €5.84bn. Ireland is heavily dependent on corporati...

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