Irish tax revenues ahead of target
Tax revenues were slightly ahead of target in Ireland, according to the Irish Independent. In May the state took in €3.8bn. It was 3% better than target largely because of revenues raised through the property tax. Some €121m has been received through the controversial levy for the first five months of the year. On target was the income tax, recording a small surplus of €4m. Corporation tax receipts are €150m ahead of expectations while VAT was nearly on target, recording a shortfall of €12m or 0.8%.