Several of Ireland’s top companies pay as little as 1% in tax
C&AG report reveals significant variations in average tax rate paid by top 100 companies
The Comptroller and Auditor General’s report also highlighted the fragility of the State’s corporate tax base, with 37 per cent of receipts coming from just 10 firms. Photograph: Getty Images
Some 13 of Ireland’s top 100 companies pay an effective rate of tax of just 1 per cent, the latest Comptroller and Auditor General (C&AG) report has found.
The low rate, which is significantly below the State’s headline rate of 12.5 per cent, reflects the impact of various tax credits and reliefs available to companies operating in the State.