Frank Yan for the Tax Foundation: As the debate over corporate inversions reignites over Pfizer’s move to acquire Irish-based company Allergan, Ireland is reporting a massive surge in corporate tax revenues for 2015.
Ireland’s Department of Finance recently announced that from January to October, it has collected $5.1 billion in corporate tax revenues, 74 percent over its target for the month. By the end of the year, Ireland is expecting to collect $7.2 billion in corporate tax revenue, an increase of 45 percent over 2014 revenues. …
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