• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Minister confident Ireland will join global corporate tax deal

October 5, 2021 by David Barret Leave a Comment

October 5, 2021

DUBLIN (Reuters) – A senior Irish minister said on Tuesday he was confident the government would sign up to an overhaul of global corporate tax rules this week after updated proposals were circulated to negotiating countries.

Ireland, the low-tax European headquarters for a number of the world’s largest multinationals, has declined to sign up to the Organisation for Economic Co-operation and Development (OECD) deal backed by all bar a handful of countries involved.

Ireland chiefly opposed the introduction of a proposed minimum global rate of “at least” 15%, and in particular the phrase “at least” that it says would undermine the certainty its prized 12.5% rate has given companies for years.

“I’m hopeful and confident that we will be able to be part of the solution here… I’m hopeful we will be able to sign up.” Environment Minister Eamon Ryan, who is also the leader of the junior coalition Green Party, told national broadcaster RTE.

Ryan added that it was important for Ireland’s reputation that it ultimately joins the agreement. Ministers are due to decide whether or not to back the deal on Thursday.

Agreement from Ireland, one of the countries that has benefited most from low corporate taxes, would be a big boost for the project to impose a minimum global rate. Multinationals like Google, Facebook and Apple directly employ more than one in 10 Irish workers.

Deputy Prime Minister Leo Varadkar struck a similarly optimistic note on Monday, saying the revised proposals responded “to a lot, if not all” of Ireland’s concerns.

Finance Minister Paschal Donohoe, who will recommend to cabinet whether or not Ireland should sign up, said progress had been made but further engagement was needed.

(Reporting by Padraic Halpin, editing by Ed Osmond)

Source Link Minister confident Ireland will join global corporate tax deal

David Barret
David Barret

Related posts:

  1. Tech shares lead European stocks close to record highs
  2. Philippine Airlines to return 22 planes, reassures on survival
  3. Almost 90% of people in India’s financial capital have COVID-19 antibodies: survey
  4. Rolls-Royce’s all-electric aircraft completes 15-minute maiden voyage

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Why Is There No Nobel Prize For Mathematics?
  • These Are The Only Animals Known To Incubate Eggs In Their Stomachs And Give “Birth” Out Their Mouths
  • Constipated? This One Fruit Could Help, Says First-Ever Evidence-Led Diet Guidance
  • NGC 2775: This Galaxy Breaks The Rules Of “Galactic Evolution” And Baffles Astronomers
  • Meet The “Four-Eyed” Hirola, The World’s Most Endangered Antelope With Fewer Than 500 Left
  • The Bizarre 1997 Experiment That Made A Frog Levitate
  • There’s A Very Good Reason Why October 1582 On Your Phone Is Missing 10 Days
  • Skynet-1A: Military Spacecraft Launched 56 Years Ago Has Been Moved By Persons Unknown
  • There’s A Simple Solution To Helping Avoid Erectile Dysfunction (But You’re Not Going To Like It)
  • Interstellar Object 3I/ATLAS May Be 10 Billion Years Old, This Rare Spider Is Half-Female, Half-Male Split Down The Middle, And Much More This Week
  • Why Do Trains Not Have Seatbelts? It’s Probably Not What You Think
  • World’s Driest Hot Desert Just Burst Into A Rare And Fleeting Desert Bloom
  • Theoretical Dark Matter Infernos Could Melt The Earth’s Core, Turning It Liquid
  • North America’s Largest Mammal Once Numbered 60 Million – Then Humans Nearly Drove It To Extinction
  • North America’s Largest Ever Land Animal Was A 21-Meter-Long Titan
  • A Two-Headed Fossil, 50/50 Spider, And World-First Butt Drag
  • Interstellar Comet 3I/ATLAS Is Losing Buckets Of Water Every Second – And It’s Got Cyanide
  • “A Historic Shift”: Renewables Generated More Power Than Coal Globally For First Time
  • The World’s Oldest Known Snake In Captivity Became A Mom At 62 – No Dad Required
  • Biggest Ocean Current On Earth Is Set To Shift, Spelling Huge Changes For Ecosystems
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version