Monday June 1, 2020

Corporation tax rule changes could prevent multinationals from moving to Ireland

Tax reforms are a potential risk to the public finances

Ian Guider

Markets Editor

16th February, 2020
Moody's does not expect that shifts in global taxation rules would materially weaken the existing stock of foreign direct investment in Ireland

Changes to global corporation tax rules could deter new multinational companies from setting up in Ireland, the credit ratings agency Moody’s has warned this weekend.

In its latest assessment of the economy, which affirmed the current rating, the agency warns that changes proposed, including a minimum tax rate, would undermine the country’s attractiveness for investors.

“Moody's does not expect that shifts in global taxation rules would materially weaken the existing stock...

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