Talking Tax Ireland Mulls Tax Options to Stay Competitive in Global Economy
Oct 16, 2025
Ryan Hogg, a Bloomberg Tax reporter specializing in Irish fiscal policy, dives into the complexities of Ireland's tax landscape. He discusses the challenge of maintaining competitiveness amid Donald Trump's tax policies and the looming 15% global minimum tax. Hogg explores the government's plan to increase the R&D tax credit and the creation of a sovereign wealth fund to stabilize against future shocks. He also highlights the reliance on foreign multinationals, which pay a staggering 88% of the corporation tax, raising concerns about fiscal sustainability.
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Ireland's Budget Hinges On Corporate Windfalls
- Ireland's fiscal health leans heavily on a corporation tax windfall dominated by a few multinationals.
- Without those receipts, the country would have faced a deficit next year.
U.S. Policy Creates Revenue Uncertainty
- Trump's trade and tax posture has increased uncertainty for Irish-based U.S. multinationals.
- Ireland is building a sovereign wealth fund to buffer potential future revenue shocks.
Boost R&D Credits To Compete
- Increase R&D incentives to retain and attract multinational investment.
- Ireland raised its R&D tax credit from 30% to 35% to improve competitiveness.