Conversation

Something odd reporting on the State finances.

Ireland has a huge swell of corporate tax revenue on the back of multinational profits being put through Irish bodies for tax reasons.

Correctly, the Govt’s finance mandarins are worried this tide could go out at any time. As a result, they are refusing to let the cash just wash through to current expenditure so they don’t have to introduce starvation if the spigot stops.

But there’s no plan announced for what to do with it if it keeps flowing.