Strong corporate tax receipts ‘sustainable’ until 2020
Review of Ireland’s corporation tax code acknowleges improvements in transparency
Seamus Coffey: his review comes in the wake of controversies over Ireland’s tax regime, including the European Commission’s ruling that Apple should repay €13 billion in back taxes. Photograph: Dara Mac Dónaill
Ireland’s corporate tax code meets the highest standards internationally, a Government-commissioned report has concluded. And it says the recent surge in tax receipts from multinationals based here will continue until at least 2020.
The review, by economist Seamus Coffey, who is also chairman of the Government’s Fiscal Advisory Council, comes in the wake of a series of controversies concerning Ireland’s tax regime, culminating in the European Commission’s ruling last year that Apple should repay €13 billion in back taxes to Ireland.