In the latest post-programme review of the Irish economy from the International Monetary Fund (IMF), it assesses the impact of global tax changes on Ireland's budgetary position. The IMF warns of an ‘extreme scenario’ with the introduction of an international minimum corporate tax rate which could see half of Ireland's corporate tax receipts at risk if multinationals located in Ireland relocated to other tax jurisdictions.

According to figures published by the Irish Revenue Commissioners in May 2021, the largest 10 corporation tax contributors which include groups such as Apple, Pfizer and Intel, contributed about 50% of corporate income tax at €5.98bn which is equivalent to 1.5% of GDP. This was up significantly on the 2019 figure of €3.79bn.

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