Central Bank Chief Warns Donohoe of VAT 'Vulnerability'

Central Bank Governor sends stark warning to Paschal Donohoe about Budget 2026

In Governor Gabriel Makhlouf’s annual letter to Finance Minister Paschal Donohoe ahead of Budget 2026 in October, he warned of the dangers posed by the “narrow” income tax rates.

Central Bank chief warns Donohoe of VAT 'vulnerability'

Central Bank Governor Gabriel Makhlouf has warned Minister for Finance Paschal Donohoe about the vulnerability of VAT as a source of revenue, as the Government plans to cut the rate of the tax for the hospitality and retails sectors.

Irish Government Must Widen Tax Base, Central Bank Warns

Ireland should broaden its tax base to ensure its budget protects long-term fiscal stability, the Central Bank of Ireland warned.

Relying on windfall tax receipts leaves Irish economy in precarious position

The Minister for Finance must wake up to the threats facing our economy, according to Social Democrats acting leader Cian O’Callaghan. Deputy O’Callaghan, who’s the party’s finance spokesperson, said: “Minister Donohoe has told the Finance Committee that the bulk of windfall corporation tax receipts are being used to fund day-to-day spending. “The government is repeating the same mistakes as the past – disproportionately relying on transient tax…