The Institute commissioned economic research into the risks arising from OECD and EU proposals to the amount of Corporation Tax collected in this country. This research was published last month and has been circulated directly to politicians.

The importance of the corporation tax yield to overall exchequer returns has been a prominent issue here in recent times, mainly because there has been a 50 per cent uplift year on year in the amounts being collected from companies during 2015. The report finds that Ireland’s tax revenues are vulnerable to the effects of Base Erosion and Profit Shifting measures proposed by the OECD, and to initiatives at EU level to change the way tax is calculated in EU Member States (Common Consolidated Corporate Tax Base).

The report is published on the Chartered Accountants Ireland website.