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Finance Minister: Ireland Isn't Being Bullied In To Accepting Higher Corporation Tax Rate.

Tuesday, 20 July 2021 11:57

By Ciara Plunkett @plunkettciara

File image: Pascal Donohoe/RollingNews

Ireland stands to lose €2 billion a year in tax take from 2025 under the plans.

The Finance Minister Paschal Donohoe says he doesn't believe Ireland is being bullied into accepting a higher corporate tax rate.

An OECD deal on tax endorsed by 130 countries would set a global minimum rate of 15 per cent and redistribute profits made by multinationals to where they are made, rather than where the company is headquartered.

Ireland stands to lose 2 billion euro a year in tax take from 2025 under the plans.

Finance Minister Paschal Donohoe hasn't signed up to them, and has denied being bullied by other countries into doing so

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