Huge Irish interest as new global tax for multinationals gets closer

Much of the State's new-found prosperity of the past three decades is directly based on jobs created by multinationals and on the billions in corporation tax the large foreign corporates pay the exchequer

The G7 group of the world's largest economies and the Organisation for Cooperation and Development are hosting meetings next week on reaching agreement on setting a global floor, possibly set at 15%, for countries to tax multinationals. 

Hints about a new agreement over global tax and multinationals — with obvious implications for Ireland — may come as soon as tomorrow and ahead of an accord that is increasingly likely to be struck next week.   

The G7 group of the world's largest economies and the Organisation for Cooperation and Development (OECD) are hosting meetings next week on reaching agreement on setting a global floor, possibly set at 15%, for countries to tax multinationals.