The first question posed to Donaldson was "How will Brexit be of benefit to the Northern Ireland economy?" Donohoe published the latest roadmap on the future of the corporate tax regime during the week and the warnings continued. He also warned that Joe Biden's new American administration is likely to be more "energised" about pursuing corporate tax reform. He is correct to suggest that the dependency on corporate tax receipts has not matched the exchequer structural problems of the early noughties. Former Central Bank Governor Patrick Honohan told me last year he believed our corporate tax receipts could fall off a cliff one day.
Source: Irish Independent January 17, 2021 02:26 UTC