Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Two tech giants paid nearly 40% of Ireland’s 2024 corporate tax, raising concerns over fiscal risk from reliance on a few firms.

flag Two major tech companies paid nearly 40% of Ireland’s corporation tax in 2024, with the top three firms collectively responsible for 46% of receipts—around 13 billion euros—marking a sharp rise from previous years. flag Tax revenue nearly doubled from 2021 to 2024, driven by payments from tech and pharmaceutical firms. flag The Irish Fiscal Advisory Council warns that this concentration increases fiscal risk, as government income remains vulnerable to profit fluctuations from market changes, regulatory shifts, or underperforming investments in AI and drugs. flag While a new 15% global minimum tax rate is expected to add up to five billion euros from 2026, potential declines in profitability from tighter regulations, reduced drug pricing in the U.S., or weak AI returns could offset gains.

35 Articles