The Ed Sheeranisation of Irish Economic Policy

Ireland's record tax revenues mask deep dependency on US tech multinationals and a brewing AI-financing bubble risk.

• Tax revenues surging: Income tax up 4.3% to €36.6bn, corporation tax up 17.2% to €32.9bn (a third of all taxes vs. ~10% OECD norm), and VAT up 5% to about €22bn.
• Ed Sheeranisation risk: McWilliams says Ireland must avoid being forced to choose between its American corporate identity and European political/moral identity, as Sheeran was forced to pick sides last week.

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