Ireland's soaring corporation tax receipts cushion against a hard Brexit

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Ireland's soaring corporation tax receipts cushion against a hard Brexit
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Ireland's corporation tax receipts for 2019 will be around 300 million euro...

DUBLIN - Ireland’s corporation tax receipts for 2019 will be around 300 million euros higher than previous estimates, figures released on Saturday showed, giving the country a cushion against any economic slowdown in the event of a hard Brexit.

The government had estimated receipts of 9.98 billion euros for 2019, and 10.465 billion euros for 2020. Ireland will base its budget for 2020 on the assumption that Britain exits the European Union later this month without agreeing a separation deal, setting aside funds for vulnerable sectors, Finance Minister Paschal Donohoe said on Friday.

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