Thu. Dec 8th, 2022

DUBLIN, Nov 17 (Reuters) – The slowdown within the world tech sector poses a threat to hovering company tax receipts in Eire subsequent 12 months and specifically in 2024, the finance ministry’s chief economist mentioned on Thursday.

“Inside our numbers, we do have a slowdown within the ICT sector in-built however since we did the finances (in September), I believe it is honest to say the correction within the sector has possibly been a bit of bit stronger than we would have thought,” John McCarthy informed a parliamentary committee.

“There is definitely a threat to 2023, and extra probably, possibly the 2024 company tax quantity,” McCarthy mentioned, including that company tax receipts might attain 22 billion euros this 12 months or round 25% of your entire annual tax take.

Reporting by Padraic Halpin; Modifying by Toby Chopra

Our Requirements: The Thomson Reuters Belief Rules.

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