Rock and hard place for Irish tax regime

Last week the Organisation for Economic Co-operation and Development (OECD) proposed breaking a taboo in international corporate taxation that countries only have a right to tax activities from companies that have a physical presence on their soil.

Instead, the OECD proposed that countries should have a right to tax a proportion of the global profits of highly profitable multinationals, particularly digital companies such as Facebook, Amazon, and Google, regardless of where they are located.