Ireland More Reliant on Tax from Multinationals, Watchdog Warns

Ireland’s corporation tax receipts have become increasingly concentrated with just three multinational companies accounting for almost half of all of the revenue stream in 2024, according the state’s fiscal watchdog.

The three companies — two unnamed tech giants and one pharmaceutical firm — accounted for 46% of corporation tax in 2024, or around €13 billion ($15.4 billion), the Irish Fiscal Advisory Council, an independent body set up by the government to hold its finances to account, said in a report Thursday.

It underscores just how exposed the Irish economy is to swings in some of ...