Editorial: Ireland must be ready for corporation tax reform
The G7’s plan to set a global tax rate need not spell gloom for state’s coffers
The industrialised world stands on the brink of a sweeping reform of company taxation. Last weekend, finance ministers from the G7 biggest economies agreed to set a global minimum tax of “at least 15 per cent” on the profits of multinational corporations.
They also agreed to enable many more countries to tax a share of profits earned by companies doing business in those markets.
The G7 announcement is a milestone in the global effort to ...