This content is not available in your region

Ireland set for record corporate tax haul again in 2019

Access to the comments Comments
By Reuters
Ireland set for record corporate tax haul again in 2019
FILE PHOTO: Ireland's Minister for Finance and Public Expenditure Paschal Donohoe arrives at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne   -   Copyright  CLODAGH KILCOYNE(Reuters)

DUBLIN (Reuters) – Ireland expects to collect more than 11 billion euros (9.5 billion pounds) from corporate tax receipts in 2019, significantly higher than the 9.5 billion it had pencilled in at the start of the year, Finance Minister Paschal Donohoe said on Wednesday.

Corporate tax receipts have more than doubled since 2012, mainly boosted by Ireland’s large cluster of multinational firms, and last year hit a record high of 10.4 billion euros which Donohoe’s department had expected to moderate.

“We expect to collect in excess of 11 billion euro in corporate tax receipts, that will be around 19 to 20 percent of all tax that we collect in our country,” Donohoe told Irish national broadcaster RTE.

(Reporting by Padraic Halpin; Editing by Toby Chopra)