Tax & Spend
Ireland, Flush With Cash, Plans Giveaway Budget Before Election
- Ireland boasts one of the few budget surpluses in Europe
- Fiscal position boosted by €14 billion Apple tax ruling payout
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Ireland’s government is about to present a giveaway budget to woo voters as it takes advantage of a financial position that’s the envy of many European countries.
While other economies are struggling with deficits, the Irish exchequer is flush with cash thanks to tax receipts from multinational firms, which will soon be topped up with a €14 billion ($15.6 billion) windfall from Apple Inc.