Windfall corporate tax revenue means our rainy day fund is vital

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It’s hard to get excited about a rainy day fund against the backdrop of an unprecedented €11 billion budget – but plans to put €2 billion into a relief fund this year, and €4 billion the following year, is the kind of cautious step that any recipient of a monetary windfall would be well advised to take.

n more recent discussions of our ‘overreliance’ on windfall tax on large global corporations, the impression has formed that Ireland is somehow making a mistake by pocketing all that extra cash.

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