Analysis: Corporate tax threat and cost of Covid supports make for grim financial outlook
There was little to be cheerful about in the latest Stability Programme Update with changes to the corporate tax regime on the horizon as the pandemic continues to hit
The storm clouds are gathering when it comes to Ireland’s 12.5 per cent corporation tax rate.
US President Joe Biden’s plan to bring in a standard global minimum corporation tax rate of 21 per cent could affect the American multinationals who provide a substantial chunk of the €11.6 billion in corporation taxes expected to be gathered here this year.
The potential impact of this was laid out in the Stability Programme Update published...
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