Corporate Tax

Government still expects deal for 15% minimum corporate tax rate to be implemented

Paschal Donohoe warns that ‘if no progress is made on the rate’ then it opens up ‘risk of unilateral action’

Finance Minister Paschal Donohoe: ‘I still think we’ll make progress within the European Union and I believe globally later on in the year we will see progress on that rate.’ Picture: Colin Keegan

Ireland still expects a global deal for a minimum corporate tax rate of 15 per cent to be implemented, despite hurdles in its progress passing through the US Congress.

The OECD tax agreement process is “unfolding exactly as I expected it would,” Finance Minister Paschal Donohoe said in an interview with Bloomberg Television.

“I still expect, as we move through this year and as we move into 2023, that we will see the second pillar ...