Ifac noted that many ICT and pharma groups have subsidiaries involved in activities outside their main business, such as treasury operations. Photograph: iStock
Ireland’s corporation tax windfall may be even more reliant on information technology (IT) and manufacturing than the official figures suggest, according to the Irish Fiscal Advisory Council (Ifac).
The council estimated that both sectors accounted for almost 90 per cent of the corporation tax paid by US multinatio
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