Health and Fitness

Ireland’s reliance on multinationals runs way deeper than corporate tax

The anvil of Covid has fallen heavily on lower-paid workers in consumer-facing sectors. That’s the same the world over. What’s not the same the world over is the hit to public finances. There’s been great variation between countries. Ireland will be one of the few to generate more tax this year than in 2019, remarkable given we’ve had one of the strictest lockdowns in Europe.

Most of the consumer-facing economy was heavily curtailed from operating in the first four months of 2021. Yet the latest exchequer returns show the Government’s tax take was up by €7.4 billion (13 per cent) in the January to November period relative to the same period in 2019.

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