Windfall corporation tax take of €15bn ‘should be put into State savings funds’

The Central Bank recommends that the Government allocate almost all of this year’s €15bn in corporation tax windfall receipts to its long-term savings funds, rather than using them for current spending. Currently, only one-third of the excess has been designated for the Future Ireland Fund and the Infrastructure, Climate and Nature Fund, which were established in July. This move aims to ensure sustainable financial planning and investment in the future.

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