Grant Thornton’s chief economist Andrew Webb described the State’s heavy reliance on corporation tax as “nerve-wracking”. If even a handful of multinationals change their tax profile, a big chunk of the exchequer’s income can vanish quickly. “There’s absolutely no question the Government has allowed itself to become addicted to corporation tax revenues. Some €36.57bn came from income tax, with €34.66bn coming from corporation tax. We are just so inordinately dependent on foreign direct investment for corporation tax receipts, for employment, and for general economic activity.

Source: Irish Examiner January 12, 2026 11:32 UTC