“Ireland has become a de facto shareholder of Microsoft, Apple, Pfizer, Oracle, Abbvie, and a few other companies that have actually based intellectual property in Ireland”
In September and October, corporation tax receipts underperformed, leading to fears that the modern-day gold rush that has underpinned Ireland’s remarkable fiscal turnaround was coming to an end. However, earlier this week, the government unveiled bumper numbers for November, the most crucial tax month in the year. To discuss what happened – and what happens next – Ian Kehoe is joined by Thomas Hubert, who has spent years chronicling the vagaries of Ireland’s corporation tax, and the economist Stephen Kinsella. The trio also discuss Ireland's overreliance on corporation tax, the outlook for 2024, and a new report by the Fiscal Advisory Council that accuses the government of financial “gimmickry”.
