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ESRI steps up warning over corporation tax

Reported today on Irish Examiner

For the full article visit: http://feedproxy.google.com/~r/iebusiness/~3/ODdmZYXHHyg/esri-steps-up-warning-over-corporation-tax-969922.html

ESRI steps up warning over corporation tax

A relatively small falloff in windfall corporation tax receipts would deliver an outsized and longstanding hit to government finances, the Economic and Social Research Institute has warned.The latest warning from the think tank will add to concerns that a large part of Government\'s current spending commitments for years to come depends on buoyant receipts from company profits which could quickly unwind.In its latest quarterly report, the ESRI said even a \"moderate\" fall of €2bn in annual revenues from the tax source would lead to a slowdown in economic growth, a rise in government debt levels, and increased costs of borrowing for the State for many years.

And a \"sharp\" fall in corporation tax rec
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