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’
Arriving to the Government Press Centre minutes after he and his government colleagues had taken the landmark decision to abandon Ireland’s long-held 12.5 per cent corporation tax rate for multinationals, Paschal Donohoe declared the decision to be in the best interests of the country.
“Our focus over recent weeks has been to secure the necessary changes to provide certainty and stability in the revised [OECD] framework to protect our strategic interests. I believe we...
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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
Tom Maguire: Multinationals must face brave new world ushered in by EU tax reform
It’s only a matter of time before member states bring in measures including a law change for reverse hybrid mismatches and public reporting for non-EU corporations
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