We can’t base our plans on the assumption that booming corporation tax receipts will continue indefinitely. “But the increase in corporation tax revenues has the potential to be like oil and those revenues will drop as they run out. He said the corporation tax receipts should not be used to fund a gap in the health service budget. The spending of the corporation tax receipts undermines planning for budgets over a number of years, said Mr Coffey. He said there needs to be more discussion about the identity of the small handful of companies that fuel corporation tax revenues.

Source: Irish Examiner October 08, 2018 01:30 UTC