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Global corporate tax overhaul faces rocky road to completion A long road strewn with potential political pitfalls lies ahead for countries seeking to end a race to the bottom on international corporate tax, even though 130 of them have agreed to overhaul the way multinationals are taxed. Nearly all 139 countries involved in talks at the Paris-based Organisation for Economic Cooperation and Development (OECD) last week backed plans for new rules on where companies’ profits are taxed, and a rate of at least 15%. With ink barely dry on the agreement, jubilant politicians in higher-tax countrie...

Concern in Government at possible loss of income tax from non-resident workers

Multiple jurisdictions The Revenue Commissioners said multinational business by its nature involved multiple jurisdictions. “Revenue administer corporation tax on a self-assessment basis, monitored by risk-focused compliance interventions,” the tax authority said. “It is a matter for each company to take decisions and make determinations in respect of its corporation tax obligations having regard to all the facts and circumstances, the relevant governing legislation and the guidance issued.” Behind the scenes, there is considerable alarm at the Department of Finance at th...

Smart Money: big manufacturing and service sectors are continuing to grow

Cliff Taylor: Low corporate tax will in future be a much less powerful tool to attract investment into State