Ireland's reliance on Corporation Tax receipts

I agree. Ireland is facing a complete and utter financial disaster in the coming years. There is total over reliance on foreign entities. The levelling of the tax laws internationally (with other countries becoming more attractive) will end the “Ireland is an at an advantage as we are in Europe and English speaking”.

Let’s be honest here, we are not dealing with rational people when we talk about politicians. ‘Live now, pay later” is always going to be their way of buying votes. No plans for the future. If we as people lived our lives like this we would be in financial ruin …. Ohh wait… 2008!

There's no doubt the CT take has increased to a worrying extent. Dept. Finance are like met eireann now though, so many red warnings that peter out. We're still in surplus.

What has to happen now, in surplus times, is to stop Xmas 'bonuses' for the welfare classes, stop any welfare increase above inflation, stop pointless expenditure schemes and reduce the number of NGO's.

On the tax side, keep inheritance tax as it is. We''ll be looking at USC rates go back up when CT starts falling and the Vat net widening.

Except for the giveaways to the non working I thought the budget was good. I'd have extended vat cut in hospitality though in lieu of the child benefit double double (I have kids, don't need it twice). Government needs to increase capital spending and take a long hard look at current spending, like administration staff levels in the HSE, disability benefits, rte, payments to Peter mcverry trust and their ilk....

I would love to see the Government put away more of our CT receipts into rainy day funds, because one thing is certain, rainy days will come again.

We are really flush with money at present and it looks like it'll continue for a few years yet, but it doesn't mean you have to go mad with it and give it all away willy nilly. Be smart and realise that it might not always be here. Save most of it while it's coming it.

But no, there was an election to be bought, so let's have another giveaway budget. Politics in this country is so short term. About the here and now and the next couple of years at maximum. A bit of the old 'ah sure it'll be grand' logic.

Stop being so generous to those who don't want to work in a time of full employment. How we have adults who have never worked in their lives is beyond me. Then again, it should not be a case of it being a lifestyle choice. You should ALWAYS be better off working. Benefits should be reduced over time, not increased. 'Ah sure Xmas is coming, here have a double bonus'. Crazy logic.

Do we know how many workers we have directly employed in FDI?
Let’s take the top 5 multinationals that are here and get a figure on employees- how many would that be?

The thing I don't understand about all this over the years is how the current government don't get enough criticism for how badly they have managed all of this. They have zero impact on MNCs and tax receipts, this gold mine all came about in late 80s and 90s when policy was changed. Obviously they won't change it but more needs to be written about how this government has achieved nothing and just ridden on the coattails of the profits of a few MNCs. While they claim about how great they have managed the economy, yet the opposite is true in how they managed government finances. Essentially all they've done over the last no of years is use this money to buy votes.they really can't stop spending, it's crazy.

This money really needs to be put into infrastructure and increasing the capacity to build infrastructure.
We’ve a massive demand for housing, but we don’t have enough skilled workers to deliver it, we should be increasing this capacity.

We need more housing, transport and energy upgrades/new builds, but everything gets stuck in ABP. We need to upgrade this department massively and get building when we have the workers available for key projects.

Ah sure the Fiscal Council were at it too. Doubled the money to their Chair a year or two ago.

Do as I say, not as I do.

We're paying too much in tax, I see this morning we might be joining the European Iron Dome that won't be cheap and makes us a legitimate target.

Billions are going to NGO's and Millions more fighting them in the courts.

We're not going to be able to afford welfare if the economy does take a tumble, what happened in Denmark will unfold here but we're just a few years behind.

Europe wants the big multinationals in the likes of Germany and France, America wants them home. The right incentives and they'll leave here.

We're back to the half a million 3 Bed semi, this isn't sustainable. The war in Ukraine should be over before Christmas so hopefully that'll take pressure off housing. That could create some discontent as we'll end with people looking for negative equity bailouts.

I think in the round we'll be ok, the country needs serious infrastructure development especially with transport, road, rail etc. Travel times are ridiculous for a small island. That money should be spent now not when things take a wobble.

60% of households in this county are negative beneficiaries to the state.

Just think of that, only 4/10 households benefit the state positively financially.

Yes we are on course for another recession which will be worst seems we’ve added another 500,000 people since the last one.

8/10 in Northern Ireland.

Here.

The contrast between the UK and Ireland could not be more stark. Ireland is expected to have a budget surplus of 10 billion euros this year (edit it's actually it is more like 25 billion when taking apple's one off payment into account) and next year is projected to balloon to a truly mind boggling 20.8 billion euros. An unimaginable amount of money!

The UK is actually in a budget deficit. They have a black hole and need to go cutting ✂️ winter payments to pensioners.

Long may this continue (and by all accounts it will with 2026 and 2027 all being projected to bring in ever increasing amounts of money 🤑).

It does lead to wasteful spending however and we see wasteful examples of money thrown away on bike sheds and dail offices. The ballooning cost of the children's hospital and ridiculously expensive modular homes for Ukrainians.

When there is so much money around there is no need for any real fiscal discipline and public private partnerships have the private milking a lot of the money from the state.

the issue is we are nearly all welfare recipients in this country: children's allowance, energy credits, free school books, free dinners, all sorts of grants to unviable SMEs, agriculture, double double allowances … etc etc … the gravy being doled out is across society, we are nearly all in it … what went on in the recent budget is repeating the mistakes of the past … remember this is a right of centre government, imagine it was a bunch of left wingers ….

Here is some analysis of the concentration risk: