Ireland has received record tax revenue this year

Ireland will sit this year on a treasure trove of tax revenue. Its amount already exceeds 9,000 million euros, and could double again at the end of the year. With the key, a budget surplus of 3,400 million euros compared to the last fiscal year, indicates the Treasury.

Dublin now imposes a 12.5% ​​corporate tax, and had even agreed to raise it to 15% as part of the OECD-led negotiations, but its application has been suspended until 2024.

7% growth

The country has largely closed the tax loopholes that previously attracted businesses, but it continues to welcome investment, thanks to a well-educated English-speaking workforce and corporate tax that is still lower than elsewhere in Europe. KPMG, TikTok and Salesforce have invested in several thousand square meters in the country.

The weakness of this taxation, therefore, is not discussed politically: thanks to the presence of multinationals, the country should register a growth of 7% this year. The opposition party, Sinn Fein, although marked by the left, is pressing to extend the 12.5% ​​tax to Northern Ireland.