Last week, the Department of Finance released tax figures for the month of August. Unusually, there was some bad news on the corporation tax front, where receipts were over one-third lower than in the same month last year. “While a sharp drop was anticipated, and there may be some timing issues, the magnitude of the decline is somewhat larger than had been expected, highlighting the inherent volatility in this tax head,” officials commented.  Taxpayer confidentiality means officials stopped short of identifying any corporation responsible for the swing in payments, but there is only one large company in Ireland with an…

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