Irish Corporate Tax Revenue Projected to Drop Significantly (1)

The Irish government is forecasting a sharp slowdown in the country’s corporate tax revenue through 2040 as it braces for the evaporation of what it regards as “windfall” corporation tax receipts.

Ireland’s Finance Ministry outlined in its Future Forty report, a 40-year economic outlook, that corporate tax receipts would significantly reduce relative to the size of its economy over the next 15 years, setting off a period of tighter public finances for the Irish economy.

“The fiscal conditions begin to deteriorate during this period primarily due to the slowdown in corporate tax receipts,” the authors of the report wrote in ...