Tax & Spend
A Third of Irish Corporate Taxes Are Paid by Just Three Firms
- Similar share paid by a few firms over 5 years to 2021: report
- 2022 tax take from top three firms expected to exceed €5.2b
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About a third of Ireland’s corporate tax revenues were paid by three corporate groups in 2021, according to new research which indicates the country’s tax receipts are even more concentrated than previously thought.
Irish corporation tax receipts have swelled in recent years with the bulk of revenues increasingly received from a small number of large foreign-owned multinationals, predominantly in the technology and pharma sectors, a report by the Irish Fiscal Advisory Council found.