For the second consecutive month, corporation tax receipts have dropped below the Government’s forecast. This may be helpful for budget Ministers Michael McGrath and Paschal Donohoe as they battle demands from their cabinet colleagues for extra spending and tax breaks in the face of the cost of living crisis. But what does it tell us about the trends likely to affect Ireland’s public finances in the coming months? The relatively poor showing of multinationals in August Exchequer receipts did not tell us anything, as it was simply the result of Apple paying  €1 billion in Irish corporation tax earlier than…

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