Ireland's Exchequer Booms but Kingspan CEO Warns of a Two-Speed Economy

Ireland's exchequer returns landed with a thud yesterday, and the numbers are hard to argue with. Income tax collected in July surged 12.7% to €3.3 billion, VAT jumped 17.5% to €3.8 billion, and even corporation tax — the perennial wildcard — rose 5.1% to €1.3 billion. Year-to-date, total tax receipts stand at €59.6 billion, up 6% on last year excluding the Apple windfall. Taoiseach Micheál Martin called it evidence of a "robust economy," while Harris pointed...