Ireland's Corporate Tax Windfall Rides on Handful of Tech Giants
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Ireland's corporate tax revenue is heavily reliant on just a handful of big companies - a poor performance by even one could significantly impact the country's finances
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After 3 months of declining corporate tax revenue, a surge in November suggests large tech companies like Apple and Microsoft continue to boost Ireland's tax intake
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Expiring tax breaks and the new 15% global minimum corporate tax rate could further grow Ireland's corporate tax revenue in coming years
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But this potential windfall comes with major risks - just 3 companies provided 43% of all corporate tax revenue in 2022
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A few bad years for these major corporate taxpayers could quickly end Ireland's corporate tax bonanza