Editorial: Ireland must be ready for corporation tax reform

The G7’s plan to set a global tax rate need not spell gloom for state’s coffers

13th June, 2021
Editorial: Ireland must be ready for corporation tax reform
The G7 announcement is a milestone in the global effort to reform corporate taxation that has been under way for a decade. Picture: Getty

The industrialised world stands on the brink of a sweeping reform of company taxation. Last weekend, finance ministers from the G7 biggest economies agreed to set a global minimum tax of “at least 15 per cent” on the profits of multinational corporations.

They also agreed to enable many more countries to tax a share of profits earned by companies doing business in those markets.

The G7 announcement is a milestone in the global effort...

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