Eli Lilly's blockbuster weight-loss drugs drive surge in Irish exports

Contributing sentiments towards policy:

58% : Despite recent warnings, the short-term outlook for tax receipts was positive, it said, with profits in the tech sector potentially benefiting from the artificial intelligence (AI) revolution and profits in the pharma sector being helped from increased demand for weight-loss and other medications.
57% : "Corporation tax is a key part of Ireland's public finances.
54% : In fact, some of the changes may have temporarily boosted corporation tax receipts.
52% : In a report on the likely impact of US tariffs on corporation tax here, the Irish Fiscal Advisory Council (Ifac) said the rapid increase in exports during the first five months of the year was down to a single product category: protein and peptide-based hormones, which are used in the manufacture of these drugs. US customs data showed all US imports of protein- and peptide-based hormones from Ireland during the period went to the state of Indiana.
51% : However, Mr Cronin said there were countervailing factors that could increase Ireland's corporation tax.
49% : It said about three-quarters of Ireland's €29 billion corporate tax haul came from a handful of large US multinationals in the technology and manufacturing sectors, leaving the exchequer exposed to a sudden shift in activity or profitability.
49% : Both could reduce the corporation tax paid in Ireland," he said.
45% : In its report, Ifac assessed the threat to Ireland's corporate tax base from US tariffs.
40% : However, it warned this increased profitability could make corporation tax even more concentrated, which posed a risk to the State.

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