Corporation Tax

Not a done deal: Global tax reforms at the mercy of a shifting US Senate

The historic two-pillar tax overhaul agreed two years ago is ‘making good progress’, the OECD director said last week. But apart from the fact that it will put smaller and developing countries at a disadvantage, the whole project is riding on whether US president Joe Biden can push it through Congress

Karen Frawley, tax partner at Deloitte, and Paschal Donohoe, Minister for Finance, at the Irish Tax Institute (ITI) and Harvard Kennedy School global tax policy conference

Paschal Donohoe’s generally positive disposition belied the message he delivered as he took to the stage at Dublin Castle in May 2019 to outline the scale of the corporate tax overhaul he predicted would materialise over the coming years.

“It is very clear that further change is coming to the international tax system. This reality must be recognised and managed . . . We should not underestimate the scale of the task at hand to ...