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National Treasury Management Agency predicts bigger financial hit from global tax reform

NTMA has warned that a reallocation of taxing rights of digital companies to larger nations will reduce Ireland’s corporation tax base

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The Department of Finance is expecting corporate tax receipts of €13.9bn in 2021

The Department of Finance is expecting corporate tax receipts of €13.9bn in 2021

The Department of Finance is expecting corporate tax receipts of €13.9bn in 2021

The National Treasury Management Agency (NTMA) has dramatically increased its estimate of the impact of global corporate tax reforms on Ireland’s finances.

The agency, which raises debt funding internationally to finance Government spending, is telling investors that proposed changes to how countries tax large multinational companies could cost the Exchequer more than initially estimated.


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