Just three firms are now paying almost half of the record amounts of corporation tax that are flowing into the Exchequer. The amount of corporation tax paid into the Exchequer almost doubled between 2021 and 2024, driven by the top payers. Higher sales would have lead to increased corporation tax payments by the manufacturer. Just under €33bn of corporation tax was collected last year, but this could increase further in 2026 due to the higher rate of 15pc that large corporations now have to pay. “Relying heavily on just two of the world’s biggest tech companies for a substantial stream of corporation tax revenue carries significant risks,” the council warned.

Source: Irish Independent February 19, 2026 10:00 UTC