Corporate Tax

Eire sees a shock surge in corporate tax revenues in August

Ireland reported higher-than-expected corporate tax revenues in August, the government said on Thursday, but cautioned not to expect similar outcomes in the future.

Corporate income tax revenue was $ 1.04 billion ($ 1.2 billion) in August, more than $ 800 million more than expected, the Treasury Department said. According to the announcement, the boost came in particular from large companies in the information and communication technology sector.

“Corporate tax revenues in August were unusually high, illustrating the inherent unpredictability and volatility of this source of income,” Treasury Secretary Paschal Donohoe said in a statement. “As I have said many times before, we cannot …

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