The latest economic and fiscal forecast from the Department of Finance now extends across the period during which officials expect internationally agreed tax reforms on multinationals to be implemented. The figures reflect the recent dramatic increase in corporation tax receipts but show no expectation of a similar downward adjustment any time soon. Based on information from the end of last year, the Department has revised up the level of corporation tax it regards as the new starting point from this year by €1.6 billion. New quarterly tax revenue profiles published alongside its forecast show that this elevated base was almost…

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