The remarkable turnaround in Ireland’s economy over the past decade has been built on the back of a small cohort of multinationals. However, the better they do, the more pressure will come on Ireland.
The burning platform analogy is useful because it forces you to consider previously unthinkable choices. For example, what would happen if corporation tax fell by €2 billion a year every year until 2035?
Today’s study by the Irish Fiscal Advisory Council warns of public finances’ reliance on a handful of large corporate taxpayers, especially the top three. The report doesn’t name them, but The Currency can.
Ireland's public finances have come to depend on a handful of companies that – judging by their share prices – look vulnerable. Market forecasters give an indication of the tax we might expect from them in 2023.
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