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Monday, Oct 25, 2021

Global tax deal inches closer as holdout Ireland agrees to sign up

Global tax deal inches closer as holdout Ireland agrees to sign up

The G-7 and G-20 nations agreed earlier this summer to join forces to tackle tax evasion and harmonize rules across the globe.
Ireland has decided to sign up to a global deal that will push its corporate tax rate to 15%, marking a huge shift in its policy.

The G-7 and G-20 nations agreed earlier this summer to join forces to tackle tax evasion and harmonize rules across the globe. The plan, if implemented, would force multinationals to pay tax where they operate — not just where they have their headquarters — and would impose a minimum corporate rate of 15%.
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