Ireland s low-tax economy can survive OECD reform: experts
Issued on:
03/07/2021 - 04:26 Ireland s low corporate tax rate has attracted multinational companies that want a base in the European Union Paul FAITH AFP/File 4 min
London (AFP)
Far-reaching global tax reforms are reaching fruition and on the face of it, Ireland has most to lose after the small European economy threw open its doors to US multinationals.
On Thursday, 130 countries endorsed an outline agreement by the Organisation for Economic Co-operation and Development (OECD), which groups 38 wealthy nations, to level up global corporation tax. Pillar one would re-allocate tax jurisdiction from where multinationals are headquartered to where they make profits, while the second pillar would establish a global minimum rate of 15 percent.
Experts say Irish economy can survive OECD tax reforms
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