Irish Sovereign Green Bonds Update
CT revenue cushioned by defensive nature of Pharma and
ICT; income tax protected by nature of shock
Corporation tax (CT) receipts continue to
rise - have nearly tripled in 6 years
Progressiveness of income tax system and
sector mix limits hit to overall receipts
24%
14.0
40%
12.0
35%
20%
10.0
30%
16%
8.0
25%
12%
6.0
20%
8%
15%
4.0
4%
In 2019, 40% of CT paid
10%
2.0
by 10 companies
5%
0%
1995
1997
1999
2001
2003
2005
2007
2009
2011
0%
Corporation Tax (€bns, RHS)
Corporation Tax (% of tax revenue)
Corporation Tax (% of GG Revenue)
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Under 10K
10K-30K
Source: Department of Finance, Revenue, NTMA analysis
30K-50k
50K-100K
100k-150k
150K+
% of taxable income cases
% of income tax collected
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