The Irish Fiscal Advisory Council has published a new analysis examining Ireland’s growing reliance on foreign-owned multinationals for tax revenues. While broader than VAT alone, the report highlights that multinational firms in the manufacturing, technology and financial services sectors contributed more than €13 billion in VAT and payroll taxes in 2024, accounting for almost one-fifth of all VAT and payroll tax receipts.

The report also considers the relative resilience of VAT and payroll tax revenues compared with corporation tax and explores the policy measures needed to maintain Ireland’s competitiveness and long-term attractiveness as a destination for foreign investment.

Read the full report for further insights into Ireland’s evolving fiscal landscape.