Ireland's reliance on Corporation Tax receipts

Hmm, you mean like reducing USC?

an additional issue is the repositioning of tech jobs into low cost countries. The post Covid realisation that it’s not really common sense filling roles in mid to high cost locations with visa applicants from low cost countries.

So back to this - how much of a hole in Ireland Inc's finances will there be if/when Trump brings IP taxation back to USA?

Assuming majority of MNC jobs stay here for the R&D tax credits and actual engineering roles, from IP taxes alone how much will we lose?

https://m.independent.ie/irish-news/politics/senator-michael-mcdowell-calls-for-capital-gains-tax-to-be-slashed-in-seanad-speech-on-the-finance-bill/a406452506.html

Lower capital gains, Will lead to 2-3x increase in those taxes

2020 CT receipts were about 12 bn.

Yikes - up to a 16bn reduction in tax take

That would leave us in deficit again, over 10bn in the hole even if all jobs remained.

Politicans think maybe one year ahead .I think we are at the peak of the boom at some point the revenue from Intel google meta and other corporations will fall .we should be getting ready for lower tax revenues. Trump wants to raise taxes on all company's imports to America

Most of our exports go to America

We are now at Celtic tiger version 2;

An ordinary house costs 300,,k

Its likely the economy will slow down

Of course gen z is too young to remember the end of the Celtic tiger in 2008 they have grown up with a booming economy

What legal options does Ireland have, in terms of offsetting the 15% CT rate?

Could we set up an MNC domestic capital investment fund, whereby 3% of the 15% CT is re-directed to a fund that can be spent by the MNC in Ireland.

The effective CT rate is only now 12% for the MNC, making Ireland an outlier again and attractive to FDI.

The capital fund could be used for day-to-day spend by the MNC, covering bills, overheads and the like; or, it could prompt more investment in Ireland.

If a company can build a new office block with the fund, perhaps they will invest in ireland, where the costs are covered, rather than other EU/AMEA sites that are unfunded.

We also then have an uplift in construction work in Ireland as a secondary benefit, in order to plan and build the new office.

We dont need the 15% rate, so there has to be creative ways to lower that rate, legally, of course.

We dont need to, I agree. But we can function at a lower rate and have done so for years.

The 15% rate will become more commonplace, and so we will lose out tax advantage.

There must be other, legal ways, to offset a tax rate that we dont need, is really what I am saying.

Agree about the critical mass and the sterling job done so far to accumulate the FDI we have.

I cant help but think that in the long run, the 15% rate, pushed by the larger countries, will benefit the larger countries over the small; and our critical mass of MNCs will begin to fracture.

I hope you are right of course, and that govt policies are enough to maintain what we have built.

So if people are so sure of a collapse in corporation tax receipts, then what steps are you personally taking to prepare for it?
Pay down debt?
Invest any cash in gold?

Of you follow their posts in other threads they are stockpiling roubles 😂

Some are even openly praying and cheering for the arrival of the great khan from the east

Because it’s clear economic and political opinions of the more conspiracy theory minded posters who have fallen deep down a rabbit hole is influenced by consumption of misinformation by states unfriendly to our values and way of life?