Corporation Tax

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

Joe Biden
Global tax overhaul faces an unusual hurdle in US Senate debate
An arcane legal argument could America's participation in a global tax deal, backed by 136 countries, in jeopardy.

Tue, 12 Oct, 2021

Martin Shanahan: Ireland is still well-placed to compete for FDI
Martin Shanahan: Ireland is still well-placed to compete for FDI
The announcements in the budget of supports and funding allocated to housing, education, childcare and infrastructural development are to be welcomed, as is the €90m aviation package to help Ireland rebuild vital connectivity

Tue, 12 Oct, 2021

Minister Paschal Donohoe announcement regarding Bank of Ireland trading plan
S&P: Corporation tax hike will weigh on Irish public finances
Although the longer-term outlook for new foreign direct investment is 'uncertain', the ratings agency believes that 'most' multinationals will not relocate out of Ireland.

Mon, 11 Oct, 2021

U.S. Treasury Secretary Janet Yellen at Eurogroup Finance Ministers Meeting
Irish Examiner view: Tax deal shows we're part of the solution rather than the problem
Agreeing to jettison our 12.5% corporate tax rate is the price of being good Europeans.

Sat, 09 Oct, 2021

Fine Gael party 'Think in' event
Varadkar: Corporation tax change won't damage Ireland's bid to attract investors
The new deal will see big multinationals pay an effective minimum global rate of 15%

Fri, 08 Oct, 2021

Biden Debt
For Ireland, all eyes on Biden tax plans after conceding 15% rate
The focus for Ireland must now be on how the country can remain competitive in areas outside of tax.

Fri, 08 Oct, 2021

FILE PHOTO National Treasury Management Agency (NTMA) Chief Executive Conor O'Kelly has today told the Public Accounts Committee
Corporation tax hike 'number one concern' for international investors
Ireland’s prospective move to a 15% corporation tax rate would likely have an effect on the country’s tax take of €2bn a year, Public Accounts Committee told

Thu, 07 Oct, 2021

Coronavirus - Mon Jun 28, 2021
Raising corporation tax to 15% will cost Ireland €2bn annually, says Varadkar
Majority of companies will not be impacted, taoiseach  Micheál Martin said

Thu, 07 Oct, 2021

Coronavirus - Tue Aug 31, 2021
Taoiseach confirms 'significant progress' on new corporation tax rate of 15%
The Government looks all but set to join the OECD agreement on a minimum corporate tax rate of 15%

Wed, 06 Oct, 2021

U.S. Treasury Secretary Janet Yellen at Eurogroup Finance Ministers Meeting
Ireland moves step closer to ditching 12.5% corporate tax rate
There is some confidence that any increase in the corporate tax rate would not apply to companies with a turnover of less than €750m

Tue, 05 Oct, 2021

U.S. Treasury Secretary Janet Yellen at Eurogroup Finance Ministers Meeting
'Make or break' Cabinet meeting could see Ireland abandon 12.5% corporation tax rate
The Government will be in a position to confirm the Irish position on the OECD process this week, finance minister Paschal Donohoe told reporters in Luxembourg.

Tue, 05 Oct, 2021

Coronavirus - Tue Aug 31, 2021
Corporation tax rate of 12.5% 'not Ireland's unique selling point', claims Michéal Martin
The Taoiseach cited Ireland joining the European Union as critical to the continued economic transformation of the state

Tue, 28 Sep, 2021

Janet Yellen Presents Semiannual Monetary Policy Report At Senate Hearing
Yellen urges Ireland to sign up to global tax deal     
US Treasury Secretary Janet Yellen urged Finance Minister Paschal Donohoe to take a "once-in-a-generation opportunity" for a deal that aims to overhaul the way multinationals are taxed around the world.

Thu, 23 Sep, 2021

Small firms' taxes will not rise beyond 12.5% under OECD deal
Small firms' taxes will not rise beyond 12.5% under OECD deal
Only large multinational firms with turnovers of more than $750m a year would face a higher corporate tax bill should Ireland sign up to the OECD deal, Tánaiste Leo Varadkar said

Wed, 22 Sep, 2021

Fianna Fail Think-In
Taoiseach can't guarantee corporate tax rate of 12.5% 
Paschal Donohoe also said a tax on vacant homes will not “change the game” in solving the housing crisis on its own

Tue, 21 Sep, 2021

CC PASCHAL O DONOHOE
Economy emerging from crisis rapidly as tax revenues soar
Three of the big four tax sources helped deliver €39.5bn this year, leaving State finances in good shape ahead of Budget 2022

Thu, 02 Sep, 2021

Billy Kelleher: We need to wean ourselves off unsustainable corporate tax revenues 
Billy Kelleher: We need to wean ourselves off unsustainable corporate tax revenues 
Government reliance on corporate tax receipts from multinationals for day-to-day expenditure leaves us vulnerable to any fall in this revenue and is unsustainable in the long term

Tue, 17 Aug, 2021

Italy G20 Finance
Corporate tax agreement a big step forward for global justice
We need wise strategies and bold tactics to deliver on a truly multilateral agenda for all. The recent global agreement to reform international corporate taxation is a vital step forward, write Josep Borrell and Paolo Gentiloni

Wed, 28 Jul, 2021

Ireland not being 'bullied' into changing tax rate, claims Finance Minister
Ireland not being 'bullied' into changing tax rate, claims Finance Minister
Paschal Donohoe will today launch a public consultation on the OECD's global tax alignment, which would see rates set at a minimum of 15%

Tue, 20 Jul, 2021

At least three reasons why Ireland is right to resist 15% global corporate tax push
At least three reasons why Ireland is right to resist 15% global corporate tax push
There are at least three reasons why Ireland’s current resistance to international rules establishing a minimum 15% tax rate for multinationals is warranted.

Sun, 18 Jul, 2021

Varadkar rules out tax cuts in forthcoming budget
Varadkar rules out tax cuts in forthcoming budget
Ireland is also 'not yet in a position' to back a global move for an effective tax rate of 15%, the Tánaiste said

Mon, 12 Jul, 2021

Irish Budget
Ireland 'committed to global tax reform', despite not signing up to OECD proposals
Irish finance minister expresses his reservations about minimum rate as 130 countries endorse corporation tax plan

Thu, 01 Jul, 2021

Professor And Columnist Paul Krugman Wins Nobel In Economics
Irish Examiner view: Irish slur was not fit to print
The New York Times has a long-standing slogan that declares its mission to publish “all the news that’s fit to print”.  Created in 1897, it still appears on the masthead of the newspaper.

Tue, 15 Jun, 2021

Ireland has little to fear from global tax overhaul, insists EU commissioner
Ireland has little to fear from global tax overhaul, insists EU commissioner
Finance Minister Paschal Donohoe has said the reforms will cost the Irish exchequer about €2bn a year in reduced corporate tax revenues

Mon, 14 Jun, 2021

Paschal Donohoe: No concerns about foreign investment if corporate tax rate changes
Paschal Donohoe: No concerns about foreign investment if corporate tax rate changes
G7 countries have made an agreement in principle to raise the corporate tax rate to a minimum of 15% globally.

Fri, 11 Jun, 2021

G7 Finance Ministers meeting
Irish Examiner view: No room for complacency with Ireland's corporate tax rate
Ireland has, at 12.5%, one of the lowest corporate tax rates in the world, prompting tech giants to make it their European base

Tue, 08 Jun, 2021

Ireland will need coalition of small states to push back G7 tax plan      
Ireland will need coalition of small states to push back G7 tax plan      
Ireland will need to build some sort of coalition of smaller states to fight off the potential effects to its future prosperity from a G7 plan to overhaul global tax, experts have said.

Sun, 06 Jun, 2021

Q&A: What is a global minimum tax and will it cost Ireland's economy?
Q&A: What is a global minimum tax and will it cost Ireland's economy?
Ireland is paying close attention to the proposed reform, whether it will be implemented, and how soon that will be

Sat, 05 Jun, 2021

Donohoe warns of 20% hit to Ireland's multinational tax income 
Donohoe warns of 20% hit to Ireland's multinational tax income 
Finance Minister Paschal Donohoe said any changes to international corporate tax rules could slash Ireland’s €12bn multinational tax take by as much as 20%

Fri, 21 May, 2021

Brexit
EU tax pooling proposal will be detrimental to Ireland, warns Seamus Coffey   
New EU plans for a so-called consolidated tax base has the potential to be much more costly to Ireland than the billions it's slated to lose under ongoing global reforms, warns UCC economist Seamus Coffey, who is one of the the country’s leading ...

Thu, 20 May, 2021

Intel jobs announcement
Intel's multi-billion decision to put Ireland under test amid US plans to overhaul global tax 
Chipmaker may opt to double up on its enormous presence in Ireland — or invest elsewhere in the EU

Tue, 11 May, 2021

Seamus Coffey: Wait-and-see game for Ireland if Biden's corporate tax policy takes hold 
Seamus Coffey: Wait-and-see game for Ireland if Biden's corporate tax policy takes hold 
A recent corporate tax policy proposal in the US made the front pages of Irish newspapers.

Thu, 06 May, 2021

FILE PHOTO The European Commission is to set out its proposal today for a Covid-19 economic recovery package for EU member state
Tax transparency rules would have 'serious implications' for Ireland's competitiveness
Government briefing said country-by-country tax reporting by multinationals would not benefit Ireland

Fri, 09 Apr, 2021

Biden
Threat to Ireland's prosperity looms large as US tax plan 'to hit its 51st state'          
Ireland's low corporation tax rate now faces the threat of Joe Biden's White House imposing a 21% minimum tax rate on overseas profits

Tue, 06 Apr, 2021

Boris Johnson visit to Teesside
'UK will have to give concessions' if it is to secure business tax hike to 25%
Sterling rose against the euro and the dollar a day after the British government rolled out an expansive annual budget designed to prop up the economy, but it will probably have to offer concessions to businesses if it wants to be able to implement ...

Thu, 04 Mar, 2021

Budget 2021
Small gain but likely long-term pain for Ireland as British hike corporate tax to 25% to pay the Covid bills
Move likely to put more focus on the 12.5% rate here amid concern over OECD’s multinational tax reform measures, economists say  

Wed, 03 Mar, 2021

File Photo PEOPLE ARE BEING warned to be alert against a phishing scam involving fraudulent emails and texts
Boston Scientific paid €18m in Irish corporation tax in 2019
The leading US medical device manufacturer is one of the largest private companies in Ireland

Thu, 19 Nov, 2020

FILE PHOTO Concerns have been raised after banks have asked mortgage applicants if their employers use the employment wage subsi
Falling corporation tax receipts give Government scare over Covid-19 finances
The Government has got a scare over financing the billions in Covid-19 spending after the once-reliable corporation tax revenues unexpectedly stumbled in October, despite the profits generated by the pharma giants and other multinationals during the ...

Tue, 03 Nov, 2020

HSE spends €850,000 on contact tracing app so far
HSE spends €850,000 on contact tracing app so far
The Health Service Executive (HSE) says its new Covid-19 contact tracing app has cost €850,000 so far to develop.

Wed, 01 Jul, 2020

Ireland among six states singled out by EU over 'aggressive tax planning' for multinationals
Ireland among six states singled out by EU over 'aggressive tax planning' for multinationals
The European Commission has signalled out Ireland along with five other member states for their “aggressive tax planning” for multinationals.

Wed, 20 May, 2020

Finance Minister: Ireland may have to prepare for lower corporation tax income
Finance Minister: Ireland may have to prepare for lower corporation tax income

It comes as the Irish Fiscal Advisory Council (Ifac) warned that up to €6bn, or 60% of the corporation tax take may be "temporary" which leaves this country extremely exposed financially.

Fri, 29 Nov, 2019

Taioseach plays down budgetary watchdog's concerns over government's reliance on corporation taxes
Taioseach plays down budgetary watchdog's concerns over government's reliance on corporation taxes

Any sudden drop-off in booming corporation tax receipts could be replaced by rising home and office stamp duty taxes, Taoiseach Leo Varadkar has suggested.

Thu, 28 Nov, 2019

IMF blog post on corporation tax poses challenge for Ireland
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.

Mon, 15 Jul, 2019

Minister for Finance urged not to rely on Corporation Tax to fund State expenditure
Minister for Finance urged not to rely on Corporation Tax to fund State expenditure

The Chairman of the Revenue Commissioners Niall Cody has warned that the Minister for Finance will have to be prudent and not rely on Corporation Tax to fund State expenditure.

Thu, 09 May, 2019

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