Oireachtas Joint and Select Committees
Wednesday, 15 May 2024
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Revenue Commissioners: Discussion
Mr. Niall Cody:
We published what is now an annual report on corporation tax receipts. It is interesting and reflects the fact that, as the Deputy says, in 2023 we collected just under €24 billion in corporation tax.
In 2013, that was €4 billion. There has been a significant increase. I might get Ms Acheson to talk about some of the nature of what we do because it is her report. We do not forecast, rather we report on what has happened to the Department Finance. We feed in our information on what is happening on the ground. We do not get sucked into that policy debate. The reality is that corporation tax is now the second highest for a number of years. I said it in my opening statement. A significant 53% of CT last year was paid by ten companies and some 56% of CT was paid ten multinational groups that include those ten companies. That level of concentration is always a challenge. That has been a feature of CT. For a long number of years, it was about 40% by the top ten.
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