David Young, PAA continuing decline in corporation tax receipts is not cause to revisit the budget, the Minister for Finance has said. Corporation tax receipts in October totalled €1 billion, which was down 45 per cent on the same month last year. In the year to date, tax receipts of €15.7 billion are now behind the same period last year by €0.4 billion (2.7 per cent). We would have collected some €22.6 billion in corporation tax last year. “But we have prepared for this day by running budget surpluses, by paying down the national debt, managing the finances carefully and putting funding away for the future.

Source: The Herald November 05, 2023 05:01 UTC