OECD | Business Post

Global tax deal threatens €4.5 billion worth of Ireland’s corporate tax

New OECD rules which come into effect next year, aim to stop tax responsibilities being shifted between countries and introduce a 15 per cent tax rate for large multinationals

OECD tells Central Bank easing home loan rules risks pushing prices higher

European think tank says move implemented in October could destabilise economy

Ireland still has ‘competitive advantage’ in the ICT sector

However, over-reliance on investment from the US leaves country exposed

Climate & Environment

Eamon Ryan signals less space on Irish roads for cars

A new OECD report found that the Irish transport system encourages growing car use and emissions

Ireland holds out for EU-wide corporation tax reform

Despite pressure, the government is holding back on unilaterally introducing the minimum 15 per cent rate as other member states are doing

Rainy day fund could be restored to budget to store corporate tax receipts

The OECD has warned that inflation could be exacerbated if the government continues to spend billions of euro of extra tax paid by companies in recent years

Multinational profits hit €100bn for 2020, but tax take shy of 12.5%

Over an eight-year period, Irish subsidiaries of global companies paid less than headline rate, but UCC economist Seamus Coffey says this should not cause concern

Lucinda Creighton: The OECD’s global tax deal may not survive US elections in November

Ireland can now enjoy something of a reprieve, as the OECD has given up hope of any changes whatsoever before 2024

Senior official warns against too many changes in tax regime

The head of business tax at the Department of Finance said ‘unintended consequences’ could include driving businesses to the wall or opening a hole in the exchequer

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

Analysis: Why the coming months are critical to assessing Europe’s economic direction

Omicron-suppression policies are having a marked impact on near-term growth prospects

Rohingya refugees seek government’s help in Facebook fight

Members of the Myanmar minority want recompense from the social media giant for its role in the spread of hate against them

Yellen: historic global tax consensus ‘likely to prove durable’

In an exclusive interview, US treasury secretary Janet Yellen reveals a belief that Ireland’s corporate tax reform will put it on the right side of history

Accountancy and legal firms warned Donohoe about corporate tax reform

Accountants said FDI will be negatively affected by new global rules while lawyers said they could be unconstitutional

‘Offsetting measures’ needed to make up shortfall from shift away from 12.5% corporate tax rate

Ratings agency has warned of potential negative consequences of joining up to global tax overhaul

The last stand: how Ireland finally conceded its long-cherished 12.5 per cent tax rate

After years of resisting the global tax changes, Paschal Donohoe says the decision is in the country’s best interests and provides ‘certainty and stability’

IDA chief warns that Ireland must do a ‘huge amount’ to remain attractive after tax deal

In a stark warning to the coalition, Shanahan said the government must grapple with a range of issues from the housing crisis to potential energy shortages to remain competitive

Editorial: Corporate tax move is significant, but other issues will affect our competitiveness

The government will have to deal with many challenges, including the housing crisis and energy shortages, if it is to to remain attractive for foreign investment

Ireland joins global 15% minimum corporate tax deal, but many firms will be exempt

Minister for Finance has confirmed that the country has signed up to the OECD move, but companies with a turnover of less than €750m will still pay 12.5%

Government to receive latest draft on OECD global tax reforms this morning

The Minister for Finance ‘hopes to be a in position’ to give a recommendation to cabinet by the end of the day on a ‘very, very complex decision’