Editorial: Corporate tax move is significant, but other issues will affect our competitiveness

The government will have to deal with many challenges, including the housing crisis and energy shortages, if it is to to remain attractive for foreign investment

10th October, 2021
Editorial: Corporate tax move is significant, but other issues will affect our competitiveness
Pashcal Donohoe waited until the last minute to give the deal his backing. The Finance Minister and his department officials deserve credit for how they have navigated the choppy geopolitical waters over the past year. Picture: Getty

The significance of Paschal Donohoe’s announcement on Thursday that Ireland would sign up to the OECD’s tax reform deal was perhaps best illustrated when RTÉ Radio 1 delayed its 6pm news bulletin to play the Minister for Finance’s speech over the airwaves to the nation.

Make no mistake about it, last week’s decision to sign up to a global minimum corporate tax rate of 15 per cent and move...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Editorial: Farewell Angela Merkel and don’t worry, we’ll be okay

Editorial: State must take radical action to meet climate targets

Editorial: Britain’s ire is because the Protocol shields the North from the Brexit shambles

Editorial: Carbon budgets are just the first signpost on our journey