IMF blog post on corporation tax poses challenge for Ireland

A new IMF blog post, arguing that low corporation tax rates harm poor countries, will make uncomfortable reading for the Government, as it battles to maintain Ireland’s decades-old business model.

The post, ‘How low can you go,’ doesn’t name individual countries, but draws on recent analysis by the IMF to argue that “a new approach” to reforming global corporation tax is “urgently” needed, after taxes levied on companies around the world have fallen to record lows. It goes on to suggest that large multinationals are failing to pay their fair shares of taxes.