Page 4 - Double Irish News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A S IS OFTEN the case in multilateral matters, America held the key. When Janet Yellen, its treasury secretary, announced earlier this year that it was time to end the “race to the bottom” on corporate tax, her remarks supercharged sputtering talks over a global deal to overhaul how much tax multinational companies pay, and where. Talks are focused on two main changes: reallocating taxing rights towards countries where economic activity takes place, rather than where firms choose to book profits; and setting a minimum global tax rate, likely to be in the region of 15%. Finance ministers f...

A global corporate-tax pact would ruin a lucrative business model | Finance & economics

Hedrick Smith [Editor’s note: The following essay was written by former New York Times Washington, DC bureau chief, frequent NC Policy Watch contributor and all-around legendary journalist, Hedrick Smith. It originally appeared on Smith’s own website, Reclaim the American Dream.] WASHINGTON – Okay, let’s talk turkey about taxes and their implication for U.S. economic growth and inequality. But let’s get real. Let’s get beyond the political kabuki dance in Washington, with politicians echoing well-rehearsed lines. That means focusing on real-world economics. Discovery No. 1 one is ...

Paschal Donohoe defends Ireland's corporation tax rate after US treasury secretary's remarks Ireland’s budget deficit increased by nearly €4.2 billion in the first quarter of 2021. By Ian Curran Tuesday 6 Apr 2021, 6:38 PM 2 hours ago 13,843 Views 17 Comments PASCHAL DONOHOE HAS said he does not believe Ireland’s low rate of corporation tax has played a role in driving down corporate tax rates globally. The minister for finance was spe...

iGiant says case alleging state aid from Ireland was 'categorically annulled' Matthew Hughes Mon 1 Feb 2021 // 18:53 UTC Share Copy Last year Apple won a long-fought legal battle against the European Commission, which argued it had received unlawful state aid from Ireland that allowed it to swerve nearly €13bn in back taxes. Today the European Commission published a summary of the grounds it intends to pursue in an appeal. The commission claims that the General Court of the European Union made "several errors of law" in overturning the initial decision, and its argum...