Ireland Says Tax Revenue Concentrated in Foreign Corporations

Almost one-third of Ireland’s income tax receipts are linked to employees in a handful of foreign-owned mega-corporations, according to a Finance Ministry report.

Just 10 large multinationals account for 53% of Ireland’s corporate tax receipts. However, a big share of income tax revenue also comes from foreign-owned multinationals that employ a large proportion of the country’s high earners, Finance Minister Paschal Donohoe said in a preface to the report.

“The analysis in this report also highlights a further related vulnerability, namely the reliance of the income tax base on high earners,” he said.

Ireland collected €15.3 billion ($15.2 ...