The think tank has forecast that Ireland’s GDP will contract for the first time since 2012.

The Government took in €5 billion last month, lifting the total corporate receipts so far this year to €21.1 billion, up 56 per cent from the same point last year

Ireland has a strong pipeline of investments from multinationals and expects many positive announcements in the coming months, Varadkar said

Irish multinationals had a turnover of almost €238 billion in 2020