Search the record

Netherlands. A fossil fuel company, Klesch Group Holdings Limited, is suing the EU, Germany and Denmark for at least €95 million over windfall taxes under the Energy Charter Treaty. In EcoDevelopment v. Tanzania, a Swedish investor sued Tanzania when the land title for a sugar plantation that never … planet. What is to stop any multinational for suing us for loss of profits under CETA if we decide to impose windfall taxes or make any changes to corporation tax in the future? The Government is effectively trying to condemn us forever to be its model

repeated budget over-runs were baked into the system. Most damning of all, it showed that our surpluses exist only because of windfall corporation tax receipts from a handful of multinationals. Strip those out and Ireland is already running a deficit of €7.4 billion in 2025, rising … with boom-time budgeting for a boom-time economy." It condemned the complacency bred by headline surpluses, which exist only because of corporation tax windfalls. It warned that if those receipts vanish, Ireland will be left with a massive deficit. It singled out one measure as particularly reckless

failure. When energy companies were making record profits after the Russian invasion of Ukraine, this Government refused to apply a strong and effective windfall tax. Instead, it allowed profiteering to continue unchecked. It continues to do that. Decades of Governments led by Fianna Fáil and Fine Gael have

companies that have absolutely gouged. This should not be a shock, however. As Deputy O'Rourke said, we absolutely failed to bring in windfall taxes when we had the crisis three years ago. It should have happened there and then. We are going to talk about new energy

that, but we must be cognisant that people had credits factored into their household budgets. In winter 2022, the Government brought in a windfall tax where excessive profits were being made by energy companies and the Government was able to take some of those profits back

Tánaiste and Minister for Finance the long-term fiscal risks identified by his Department in relation to rising recurrent spending, falling windfall corporation tax receipts, and age-related expenditure, in the context of IFAC's warning that the State is 'budgeting like there is no tomorrow

Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the proportion of recent windfall corporation tax receipts that has been allocated to permanent spending commitments since 2020; if he will provide a breakdown by year; and if he will clarify the Department's policy on safeguarding