Biggest corporation-tax payers not hurt by tariffs yet - Fiscal Council

Contributing sentiments towards policy:

59% : Corporation tax now accounts for over a quarter of the total tax take "Corporation tax is a key part of Ireland's public finances.
55% : The Fiscal Council also noted that corporation tax revenues here could be even higher than they might otherwise have been in the short term, a result of one large pharma group frontloading some exports to the US ahead of the expected tariffs.
53% : Some factors, such as a rush to export some pharmaceuticals to the US ahead of potential tariffs, could see additional tax collected here in the short term, the reports says.
51% : The report's author, Brian Cronin, said some of the changes coming from the US may have temporarily boosted corporation tax receipts, but that could change quickly.
48% : The analysis does show the corporation tax base here is becoming more concentrated, with a growing share of receipts coming from fewer sectors and firms, which creates its own risks of sudden swings up or down.
45% : From a relatively small share of the State's income a decade ago, corporation tax now accounts for over a quarter of the total tax take.
39% : That is all well established and has long been flagged as a potential risk, especially as the public finances have become dependent on so-called "windfall" levels of tax being collected.
39% : Given the lack of clarity, the analysis says Ireland's corporation tax revenues have become more risky - future receipts could be much higher or lower than current levels.
26% : It found that most of Ireland's big corporation taxpayers have not been directly impacted by US tariffs - for now. Ireland's corporation tax revenues have become more risky Manufacturing, pharma and the tech sector account for, on average, 87pc of the corporation tax paid by large US-owned multinationals in Ireland.

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