Finance
‘Mammoth’ task as McGrath moves on new 15 per cent corporate tax rate
Minister for Finance to apply a top-up tax to multinationals with a turnover of €750m or more, while officials are in contact with foreign firms to ensure smooth implementation of new regime
Michael McGrath is to bring a memo to cabinet this week to implement the new global corporate tax rate of 15 per cent in Ireland, starting what one senior finance official has described as a “mammoth undertaking”.
The Business Post has learned that the Minister for Finance’s memo on Tuesday will inform his government colleagues that a Qualified Domestic Minimum Top-up Tax (QD) will be applied to large multinationals with bases here in order to ...
