ON
← Retour au fil
Strong tax returns of €50bn strengthen Government’s budgetary position
Ireland🏛️ Politiqueil y a 23 h

Strong tax returns of €50bn strengthen Government’s budgetary position

The Irish government reported stronger-than-expected tax revenues in the first half of 2024, with total tax income reaching €50 billion, up 1.2% from the previous year. Excluding one-time gains from the Apple tax ruling, core tax receipts rose by 4.8%, driven largely by corporation tax, which increased by 1.3% in June. This growth comes despite concerns about the volatility of multinational corporate profits. The government is preparing for additional revenue from the OECD's global minimum tax rate of 15%, which could add €5 billion annually starting in 2026. Meanwhile, income tax and VAT collections also showed growth, though the hospitality sector questions the necessity of the 9% VAT rate. Public spending remains ahead of projections, with potential overruns exceeding €1 billion due to increased costs in education, healthcare, and social welfare programs.

Comment chaque camp l’a couvert

Le même événement, regroupé selon l’orientation politique des médias qui le couvrent.

Comment chaque camp l’a couvert

Soutenez une information indépendante et consciente des biais, et débloquez le pouls social, le vote communautaire et votre fil Pour vous personnalisé.

Devenir soutien

Couverture dans le monde

Le même événement tel que rapporté dans d’autres pays.

Couverture dans le monde

Soutenez une information indépendante et consciente des biais, et débloquez le pouls social, le vote communautaire et votre fil Pour vous personnalisé.

Devenir soutien

1 articles

The Irish Times logoThe Irish TimesIndépendant🔒CentreFactualité 85Objectivité 80il y a 23 h
Strong tax returns of €50bn strengthen Government’s budgetary position

The Irish government reported stronger-than-expected tax revenues in the first half of 2024, with total tax income reaching €50 billion, up 1.2% from the previous year. Excluding one-time gains from the Apple tax ruling, core tax receipts rose by 4.8%, driven largely by corporation tax, which increased by 1.3% in June. This growth comes despite concerns about the volatility of multinational corporate profits. The government is preparing for additional revenue from the OECD's global minimum tax rate of 15%, which could add €5 billion annually starting in 2026. Meanwhile, income tax and VAT collections also showed growth, though the hospitality sector questions the necessity of the 9% VAT rate. Public spending remains ahead of projections, with potential overruns exceeding €1 billion due to increased costs in education, healthcare, and social welfare programs.

Lecture du biais (Centre): The article presents factual economic data without overt ideological slant, focusing on fiscal performance and upcoming policy changes. It reports on both revenue increases and spending challenges without favoring either political side. While it mentions potential future impacts of international tax

Pourquoi ces scores (Factualité 85 · Objectivité 80): Factuality is high as the article presents data on tax revenues with specific figures and mentions the OECD agreement and expected top-up payments. Objectivity is slightly lower due to the positive framing of the budgetary position and the mention of the 'Sure it’ll be grand' budget plan, which may

Gardons l’information honnête.

ObjectiveNews est financé par ses lecteurs et sans publicité : nous vous montrons le biais au lieu de le cacher. Soutenez un journalisme indépendant pour 5 €/mois.

Devenir soutien

Sujets liés