The reasons for our outsize corporation tax haul are well known. New threats to our corporation tax revenues go well beyond AI. The most prudent thing would be to try to wean ourselves off multinational-driven corporation tax. He is clearly looking over his shoulder at the multinational sector and the social media giants with significant operations here paying corporation tax and employing thousands. We cannot escape the fact that we struck a Faustian bargain with the world in the 1980s when we cut corporation tax and it has transformed the country.

Source: The Irish Times February 25, 2026 16:30 UTC