€110 billion collected in taxes in 2022, up 17% on 2021
Ireland’s 2022 tax revenues surged significantly, driven largely by a dramatic rise in corporation tax despite a concentrated payment base among a tiny fraction of multinationals. This sharp increase highlights the volatile nature of state income dependent on global corporate structures rather than broad-based economic health. The data reveals a heavy reliance on a narrow group of large entities for the majority of corporate contributions, while the vast majority of businesses contribute minimal amounts. This structural imbalance underscores the fragility of public finances when they are heavily contingent on the tax strategies and profitability of a select few large firms. This information is vital for open_data initiatives as it provides transparent, granular evidence of fiscal dependency and inequality. By publishing such detailed breakdowns, statistical offices enable researchers and citizens to scrutinize economic policy, hold governments accountable for revenue sources, and advocate for more sustainable and equitable taxation models based on verified public data.
Source: rte.iePublished on 2023-11-23
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