| Thank you for sharing an article supporting my comments. From the article, which outlines the stance of the Department and Minister for Finance: > Corporation tax growth has been a key support to the exchequer in recent years, though the Department of Finance has consistently said that much of the increase cannot be relied upon as it does not directly relate to economic activity undertaken in Ireland and was thus windfall in nature. > It warned that the latest figures, which showed a decline greater than officials had anticipated to a monthly corporation tax payment of €1.7 billion, underlined that this source of revenue was potentially subject to " exceptional volatility”. As stated many times now, the exceptional CT take is seen as a windfall and the State does not rely upon it for current expenditure. Honestly, I think you've made up your mind that Ireland==bad and no amount of data or critical reasoning will change your mind. May I suggest travel? You will quickly learn that Ireland is not a poor, bad, or corrupt country. Edit: Okay, having read the parent commenter's replies, they seem to be commenting in bad faith. To anyone reading along, I recommend you read the OP and shared articles. |
No it does not. It’s saying that the corporate taxes are volatile and “should” not be relied upon, hence the cautionary tone of the article.
Edit: From the same article
> Peter Vale, a tax partner at Grant Thornton, warned that the figures were “surprisingly poor” and indicated that “the risk of weaker corporation tax receipts in the key month of November increases. Poor November figures could erode much of the planned budget surplus.”