Could Ireland take a multi billion euro hit on tax?

If the Biden administration’s proposals on global tax come to pass, our economy is unlikely to emerge unscathed over the long term, with corporate tax reform potentially costing Ireland billions each year

11th April, 2021
Could Ireland take a multi billion euro hit on tax?
Janet Yellen: US Treasury Secretary is seeking ‘a level playing field’ for global corporate taxation Pic: Andrew Harrer/Bloomberg

Janet Yellen was clear: the United States was back at the table, and full-square behind corporate tax reform, which she hoped would put an end to a three-decade-long “race to the bottom”.

“Together, we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth, and prosperity,” the US Treasury Secretary told the Chicago...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Ireland will benefit from new global tax rules, says EU economy commissioner

Tax Peter O'Dwyer 4 days ago

Fund investors got €12 million in tax refunds

Tax Peter O'Dwyer 5 days ago

Lorcan Allen: Why the days of our cherished corporate tax may be numbered

Tax Lorcan Allen 5 days ago

Editorial: Ireland must be ready for corporation tax reform