Irish Examiner view: Devil is in the detail in agreeing a global tax rate

Government expected to commit to increasing Ireland’s rate — but only if it secures changes to the current draft agreement

Fri, 01 Oct, 2021 - 05:15

The indication by Finance Minister Paschal Donohoe that Ireland will agree to implement a higher corporate tax rate may be seen in some circles as capitulation to the needs of bigger and more powerful countries.

It is undoubtedly true that the United States, France, Germany, and Britain are among a host of countries within the Organisation for Economic Co-operation and Development (OECD) that have been seeking a global corporate tax rate of at least 15%.