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Ireland Sees Rising Corporate-Tax Loss Risk Under Worldwide Deal

Jan. 6, 2023, 7:28 PM

Ireland risks bigger than expected revenue losses under a global overhaul of corporate tax rules kicking in next year, according to a new government estimate.

Officials expect the loss in revenues “may be more than €2 billion” ($2.13 billion) a year given the “significant rise” in tax receipts from corporations over recent years, according to internal briefing documents prepared by Ireland’s Department of Finance.

The ministry previously estimated that the reform, agreed on by more than 140 countries through the Organization for Economic Cooperation and Development, could cost about €2 billion a year by 2025.

Implementation of the deal could ...