Ireland Holds Steady on Tax Forecast Despite Tariff Concerns
DUBLIN (Reuters) - Ireland has no reason at the moment to change its forecast that tax revenue will rise this year, with any impact from U.S. tariffs on the European Union unlikely to be felt immediately, Finance Minister Paschal Donohoe said.
Donohoe said it was likely that the impact would first be felt on consumption taxes, with the effect on payroll more medium term, and any hit to corporation tax dependent on what happens in the "global situation."
"We are not seeing any of those signs and we certainly have no reason at the moment now to change our forecast regarding how much tax we believe we will collect in 2025," Donohoe told a press conference, adding that this would be confirmed in updated forecasts later this month.
(Reporting by Padraic Halpin)
