budget 2024

Analysis: Once-in-a-lifetime corporation tax overhaul to move centre stage after Budget 2024

The government faces a battle to remain attractive to FDI amid a looming rise in corporate tax – and businesses have mixed views on its performance

Michael McGrath: Finance Minister referenced global changes to corporate tax laws in his budget speech

There was only a passing reference in the budget to an issue that will imminently become one of the biggest faced by officials in the Department of Finance – our soon-to-be-increased corporate tax rate.

That wasn’t a surprise to those in the know, however: Michael McGrath has long signalled that the government will legislate for the new 15 per cent rate – part of a global accord brokered by the OECD – in the Finance ...