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Ireland will not downgrade tax forecasts on tariff threat, finance minister says
Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
Ireland's finance minister sees no immediate need to alter tax forecasts despite potential U.S. tariffs, with impacts expected later.
DUBLIN (Reuters) - Ireland has no reason at the moment to change its forecast that tax revenue will rise this year, with any impact from U.S. tariffs on the European Union unlikely to be felt immediately, Finance Minister Paschal Donohoe said.
Donohoe said it was likely that the impact would first be felt on consumption taxes, with the effect on payroll more medium term, and any hit to corporation tax dependent on what happens in the "global situation."
"We are not seeing any of those signs and we certainly have no reason at the moment now to change our forecast regarding how much tax we believe we will collect in 2025," Donohoe told a press conference, adding that this would be confirmed in updated forecasts later this month.
(Reporting by Padraic Halpin)
The article discusses Ireland's decision to maintain its tax revenue forecast despite potential impacts from U.S. tariffs on the EU.
The impact is expected to be felt first on consumption taxes, with payroll and corporation taxes affected in the medium term.
Paschal Donohoe is the finance minister of Ireland.
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