Taxation in the Republic of Ireland
Taxation in the Republic of Ireland is very progressive. The top 10% of earners pay 60% of the taxes.[1]
As well as income tax on earnings there is the Universal Social Charge[2] and Pay Related Social Insurance.
Value added tax is charged on almost all goods and services.
Corporation tax is very important in Ireland and foreign multinationals pay about 80% of it.[3] It is only 12.5% - much lower than most developed countries so many of the biggest American technology and pharmaceutical companies keep the money from intellectual property rights in their Irish subsidiaries. This makes the Irish economy seem much bigger than it really is.[4]
Taxation In The Republic Of Ireland Media
Recreation of the OECD Hierarchy of Taxes, which is central to Irish tax policy.
Distribution of Irish Exchequer Tax Revenues.
Irish Exchequer Tax Revenues as % of GDP / GNI*.
Ireland has one of the most disparate GNI to GDP ratios in the EU.
OECD Gross[a] Tax-to-GDP ratio (2000–2016)
Tax wedge for a single worker: OECD versus Ireland.
Irish employee tax rate (single and married) versus the OECD in 2017.
OECD 2015 Progressivity Ratio: Employment tax rate at 167% average wage vs. 67% average wage.
VAT rates in 2014 in the EU–28
2018 headline corporate tax rates for all 35 OECD members (pre and post the 2017 U.S. TCJA).
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References
- ↑ "Single workers bear brunt in Ireland's personal tax system". The Irish Times. Retrieved 2023-03-15.
- ↑ Citizensinformation.ie. "Universal Social Charge (USC)". www.citizensinformation.ie. Retrieved 2023-03-15.
- ↑ "Ireland is the world's biggest corporate 'tax haven', say academics". The Irish Times. Retrieved 2023-03-15.
- ↑ "Ireland's wild data is leaving economists stumped | Financial Times". www.ft.com. Retrieved 2023-08-23.
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