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    Department of Finance has underestimated corporation tax receipts for 14 years in a row
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    Department of Finance has underestimated corporation tax receipts for 14 years in a row


    Department of Finance has underestimated corporation tax receipts for 14 years in a row

    https://independent.ie/irish-news/department-of-finance-has-underestimated-corporation-tax-receipts-for-14-years-in-a-row/a1001409404.html

    Posted by MotherDucker95

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    13 Comments

    2. Additional-Sock8980 on

      But if a business was to underestimate prelim tax below what was paid the previous year…

    3. PoppedCork on

      Better than overestimated, just wish they would have better checks and balance on what they are spending

    4. Bigbeast54 on

      Err on the side of caution is hardly cause for alarm given that the tax is considered by most to be volatile and transitory

    6. ForbiddenToblerone on

      And it’s all going to be wasted. The more the government take in, the more they waste.

    7. justtoreplytothisnow on

      Well it is caution but also stops politicians flittering it all away on give outs so there is actually some money to spend on infrastructure and investment.

      Edit: to be clear I’m being tongue in cheek but this is literally what DPER and Finance senior civil servants believe

    8. Recent-Lemon-9930 on

      Less than €5 billion in 2014 almost €33 billion last year. Almost half paid by just 3 companies. Jesus Christ if the yanks figure out a way to get the big companies back home (or a new European competitor emerges) it’s a huge dependance on something that can change and swing rapidly.

    9. AdBoring9620 on

      Bit like like the pointless estimating of the house completions that are always over estimated. Don’t get the point,just leave it. Maybe with tax income you’d need some idea for the years spending,but keep it to yourselves lads.

    10. SoloWingPixy88 on

      Forecasting and estimating is often finger in the air stuff. Underestimating these receipts is probably a good thing in that they’re trying to not rely on them. However from a forecasting accuracy point of view. The civil service head of finance in charge of that function should probably be fired or moved on.

    11. CurrencyDesperate286 on

      You generally err on the conservative side for windfalls like this tbf

    12. Kloppite16 on

      To be fair to the Department of Finance this can happen anyone. Like I was cleaning my sofa earlier and I came across €1bn that Id forgotten I had. So its not that uncommon.