According to a new statistical release from the CSO, more than half of all taxes – 52pc – are on income and wealth.

Income tax receipts have also doubled since 2015, which reflects the huge increase in the workforce over that period. The receipts under this heading last year came to €29.5bn. In 2019, the last year before Covid skewed the numbers, income tax receipts were just under €20bn.

The take from corporation tax last year was €28.1bn, up 18pc, but this did include the one-off Apple back-tax payment. The recent increase in this tax stream has been staggering, however. The figure was €10.8bn in 2019 and €6.8bn in 2015.

About half the current corporation tax take is regarded as “windfall” in nature, which means it is not explained by underlying economic activity and may disappear. Th

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