Ireland's reliance on Corporation Tax receipts

What give away budgets, electricity credits were really good and helped working families and everyone but cost of living is high here. But whatever happens hopefully we’ll weather the storm.

There are plenty of opportunities to develop indigenous industries on smaller scale that will be much more robust and longterm for the country. Its not a matter of telling them to go away, thats nonsense. But we don't support local industries to the same level we support foreign ones. Companies come here and have huge money thrown at them to invest or are given premises with long term leases that are paid for.

I know from having dealt with EI myself and spoken to many Irish entrepreneurs that their experience has not been so positive. Difficult to access, difficult to deal with and often unrealistic expectations on time to get an ROI. Many chose not to go back for further supports and many didn't even get the door opened in the first place. Only the companies with potential to grow quickly (the so called High Potential Start-ups) float their boat and most of their business moves to the US within a year or two anyway.

You don't put all your eggs in one basket. We did it with property and we've repeated the mistake with FDI.

You don't get it at all. Smurfit and CRH aren't even in my scope of thinking. We have plenty of companies, which would produce anywhere between 30 and 300 jobs and would have no aspirations to move outside their own town given the opportunity never mind to the US. These companies wouldn't need to go to Dublin, Cork or Galway to have the population needed to provide Labour and would keep people in rural Ireland.

You say we do support these but i know from personal experience and from talking to others that it is not the case at start up phase unless you are what they consider a HPSU.

The government policy has been to not give proper support to these companies. Instead favouring the big figure FDI who get favourable tax conditions and suck everyone into the orbit of large cities bleeding rural Ireland dry.

Fair points, but where and how do we diversify?

The economic environment has encouraged all other sectors to grow. Money hasnt been a blocker to growth outside MNCs, so why hasn't it happened.

There is nothing stopping non-MNC companies from scaling up and producing more corporation tax revenue here.

We dont need to lose any MNC revenue to achieve this.

The question is, where are your new billions coming from?

I cannot: Which is exactly my point.

If we lose the MNC CT, it is not going to be magically replaced by Non-MNC CT revenue.

If the Non-MNCs could compete with MNCs in terms of CT revenue, the proof of same would already be present in the books of the exchequer.

Most people had thought Pharma lobby had bought Trump out but in cabinet meeting today he is back to saying pharma tariffs soon. Who actually believes him at this stage... also said he will give a year I think to bring back, more front running so. I don't even think he knows how to bring back pharma. Pharma stock down on the news though so market seems to believe it might happen again 🤔

very sensible analysis, while we may have created problems in being ‘good at FDI’ , they are good problems. The big risk is the political system is monetising every problem it meets with no choices or prioritisation of problems it encounters and ‘easy’ CT receipts are being literally thrown at them.

we have the good fortune to have these monies, the sovereign wealth funds are a superb idea, but I fear not enough money is going into them given the inherently transitory nature of the CT receipts. Think that in a decade or two they could start generating an income stream which could fund public services, demographics, climate change etc, but I’m afraid our political system is more interested in building a ‘champagne lifestyle based on overtime income’ ….

You should get a yank passport, they'd be crawling all over you. As a paddy, they dont want to know.