DUBLIN: A global downturn in the tech or pharma sectors would leave Ireland’s finances dangerously exposed because corporate tax receipts have become concentrated among a handful of multinationals, new research has found.
There is almost nothing the government can do to mitigate the risk, David Purdue, an economist at the National Treasury Management Agency, said in a paper on understanding Ireland’s corporate tax revenue.
Ireland’s corporation tax receipts in 2015 were significantly larger than expected at €6.9 billion, with ten companies paying more than 40 per cent of this figure, up from an average of 23.8 per cent in previous years.
