this post was submitted on 18 Jul 2025
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[–] jonathan@piefed.social 3 points 6 days ago (1 children)

We'd lose a whole lot of income tax/prsi, which is the government's largest funding source.

[–] unexposedhazard@discuss.tchncs.de 4 points 6 days ago (1 children)

https://www.rte.ie/news/business/2023/0824/1401458-35-of-corporation-tax-collected-comes-from-ict-sector/

Its Annual Taxation Report, published this afternoon, says the ICT sector now accounts for 35% of the corporation tax collected and around 10% of income tax revenues.

Damn its actually more than i thought

[–] jonathan@piefed.social 1 points 6 days ago

PRSI is about another 2%.