Budget watchdog says pumping corporate tax receipts into the economy would be dangerous [Video]

THE IRISH FISCAL Advisory Council has warned that it “would be dangerous” to “pump” corporate tax receipts into the economy.

The Council is the State’s budgetary watchdog and was established to offer an “honest and independent view of how the Government manages its budget”. 

The warning comes ahead of the Department of Finance publishing its annual ‘White Paper’, which is published every year ahead of the budget and provides estimates of Ireland’s receipts and expenditure for the coming year. 

The Council today said that the White Paper will offer a “glimpse of what tax and spending would look like in 2025 without the impacts of any new measures in next Tuesday’s Budget”.

It said that the “Apple money” is one of the main things to look out for from the White Paper.

“The White Paper will show a massive surplus in 2024 due to a spike in corporation tax receipts,” …