ON
← Back to feed
Income tax last month rose 12.7% on same period last year
Ireland🏛️ PoliticsCenter7 hr. ago

Income tax last month rose 12.7% on same period last year

The latest Exchequer figures reveal that income tax increased by 12.7% in July 2026 compared to July 2025, reaching €3.3 billion, indicating a healthy jobs market ahead of the Budget. Consumer spending drove a 17.5% rise in VAT collections to €3.8 billion, while corporation tax, primarily from multinationals, grew by 5.1% to €1.3 billion. Overall, taxes collected so far this year are up 6% or €3.4 billion when excluding Apple's tax case. Income tax for the first seven months of the year is up 7.5% to €21.8 billion, and VAT is up 9.7% to €16.2 billion. Corporation tax receipts reached €15 billion, including payments from the 15% 'top up' tax for large companies under OECD/G20 agreements. Despite these gains, government spending is 1.8% below projections, with capital spending significantly lower than expected. Taoiseach Micheál Martin and Tánaiste Simon Harris highlighted the economic resilience, emphasizing the importance of maintaining sustainable fiscal policies amidst global uncertainties.

3 reports

TheJournal.ie logoTheJournal.ieIndependentCenterFactual 85Objective 90yesterday
How is your spending going this summer? Would you like to keep a Money Diary?

TheJournal.ie is inviting readers to participate in a 'Money Diary' initiative to document their personal financial experiences during the current economic climate. The article highlights concerns around rising electricity bills, the absence of one-time cost-of-living support measures in Budget 2027, and the challenges associated with back-to-school expenses. Readers are encouraged to share their weekly spending habits, including income, savings, and daily expenditures, along with insights into their routines and financial strategies. The goal is to provide a realistic portrayal of how individuals in Ireland are managing their finances amid these challenges.

Bias read (Center): The article presents a neutral invitation for readers to share their financial experiences without taking a stance on specific policies or political positions. It focuses on gathering personal accounts rather than promoting a particular viewpoint or criticizing government actions.

Why factuality (85): The article presents a call for reader participation in a financial tracking initiative. It accurately reflects the intent of the publication to gather personal finance data through a 'Money Diary' format. There are no factual claims about specific events or statistics, so there is no need to verify

Why objectivity (90): The tone is encouraging and supportive, aiming to engage readers without introducing bias. The language is neutral and focuses on inviting participation rather than taking a stance on financial issues.

TheJournal.ie logoTheJournal.ieIndependentCenter7 hr. ago
Tax receipts climb over 6% on last year as Harris hails resilient economy

Ireland's tax receipts rose by 6% compared to the previous year, with income tax increasing by 7.5%, VAT by 9.7%, and corporation tax up by 4.7%. These figures reflect a resilient economy according to Taoiseach Micheál Martin and Tánaiste Simon Harris, who highlighted the strength of the labor market and full employment despite global uncertainties. However, government expenditure also increased by 7.4%, with total spending reaching €64.9 billion by the end of July. Both leaders emphasized the importance of maintaining fiscal sustainability and announced that Budget 2027 will focus on reducing the cost of living, improving childcare and disability support, and addressing housing as the most pressing social issue.

Bias read (Center): While the article discusses economic performance and government policy, it presents information from official sources such as the Exchequer reports and quotes from government ministers without overtly favoring any particular political ideology. The framing remains balanced, presenting both positive稅

RTÉ News logoRTÉ NewsState / PublicCenter7 hr. ago
Income tax last month rose 12.7% on same period last year

The latest Exchequer figures reveal that income tax increased by 12.7% in July 2026 compared to July 2025, reaching €3.3 billion, indicating a healthy jobs market ahead of the Budget. Consumer spending drove a 17.5% rise in VAT collections to €3.8 billion, while corporation tax, primarily from multinationals, grew by 5.1% to €1.3 billion. Overall, taxes collected so far this year are up 6% or €3.4 billion when excluding Apple's tax case. Income tax for the first seven months of the year is up 7.5% to €21.8 billion, and VAT is up 9.7% to €16.2 billion. Corporation tax receipts reached €15 billion, including payments from the 15% 'top up' tax for large companies under OECD/G20 agreements. Despite these gains, government spending is 1.8% below projections, with capital spending significantly lower than expected. Taoiseach Micheál Martin and Tánaiste Simon Harris highlighted the economic resilience, emphasizing the importance of maintaining sustainable fiscal policies amidst global uncertainties.

Bias read (Center): The article presents balanced reporting on economic indicators and government fiscal management without overtly favoring any political ideology. It includes quotes from both the Taoiseach and Tánaiste, providing multiple perspectives on the economic situation. The focus is on factual data and policy

How each side covered it

The same event, grouped by the political lean of the outlets covering it.

How each side covered it

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Covered around the world

The same event as reported in other countries.

Covered around the world

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Claims check

Key factual claims, and how many sources assert vs dispute each.

Claims check

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Keep the news honest.

ObjectiveNews is reader-funded and ad-free — we show you the bias instead of hiding it. Support independent journalism for €4/month.

Become a Supporter

Related stories