Ireland Warns of Offshoring Risks to Corporate Tax Receipts

Ireland shouldn’t make long-term public spending plans based on its current stream of corporate tax receipts, the country’s Finance Department said as revenue for November pierced the €10 billion mark.

“It is imperative that permanent budgetary commitments are not made on the basis of a continuation” of corporation tax revenue, and the shifting geopolitical backdrop “serves to amplify these risks,” the department warned in a fiscal vulnerabilities report Wednesday.

Ireland registered €10 billion ($11.6 billion) in corporation tax receipts in November, according to data published Wednesday, up 36.2% from the same month last year when excluding taxes ...