Government prepares to concede on corporate tax rate of 15 per cent
Officials want OECD to drop ‘at least’ 15 per cent phrasing from the tax reform deal, while the government has two weeks to make its decision on whether to back the reforms
The Irish government is likely to sign up to the OECD’s corporate tax reform deal if the wording of the agreement ensures the global minimum tax rate will be set at precisely 15 per cent, the Business Post understands.
The government’s position on the OECD’s tax reforms comes as lawmakers in the US Congress prepare to increase the minimum tax on the foreign income of US companies to 16.5 per cent –...
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‘Offsetting measures’ needed to make up shortfall from shift away from 12.5% corporate tax rate
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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’