Three firms paying a third of Ireland's corporation tax, new research suggests
as reforms to global rules mean major US companies are choosing to pay tax on their international profits in the country.IT and pharmaceutical companies accounted for the vast majority of the corporation tax paid in Ireland in 2021Last year Ireland raised €22.6bn in corporation tax, 182% more than the €8bn it took in just five years ago.
The corporation tax revenues are so large they are enabling the Irish government to run a budget surplus.planning to use the additional revenue to establish a sovereign wealth fundThe IFAC study is based on publicly available information such as filings to Ireland’s Companies Registration Office.
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