As expected, Ireland’s corporation tax revenue grew in May to €3.6 billion. The scale of the increase, however, is off the charts. Last month’s €836.7 million surge not only reversed the slump observed both in recent months and in May 2023, but also established a new record for this time of year.  Figures released on Thursday evening by the Department of Finance show that the increase in corporation tax revenue last month accounted for the entire Exchequer surplus accumulated so far this year. The timing matters because only two corporate taxpayers large enough to affect Exchequer revenue in a visible…

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