Ireland, where most US tech companies have their European HQ, says it will join the global agreement to set a minimum rate of 15% for taxing corporate profits
ending Ireland's 1-2% effective tax rate for some companies https://www.theguardian.com/ ... Cate Long / @cate_long : “Ireland, a low-tax country that is European headquarters to some of the largest US technology companies, said it would join a global agreement to set a minimum rate of 15% for taxing corporate profits.” Very big deal. How will Puerto Rico maintain 4% rate on CFCs? #muniland https://twitter.com/... Jens Nordvig / @jnordvig : This, I think, continues to move faster than most expected. https://www.wsj.com/... via @WSJ Richard Rubin / @richardrubindc : New from @PaulHannon29 and me: Ireland is joining the global tax deal, in advance of an international meeting Friday. https://www.wsj.com/... Anthony DeRosa / @anthony : Ireland, a low-tax country that is the European headquarters to some of the largest U.S. technology companies, said it would join a global agreement to set a minimum rate of 15% for taxing corporate profits https://www.wsj.com/...
Wall Street Journal
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Discussion
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@usembassydublin
U.S. Embassy Dublin
on x
We welcome Ireland's support for the OECD's landmark global agreement. We look forward to working with Ireland and the other global partners in implementing this unprecedented international deal. https://www.gov.ie/...
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@paschald
Paschal Donohoe
on x
The Government has accepted my recommendation for Ireland to join the agreement at the @OECD on a new framework for taxing multinational companies. The deal now provides certainty and strikes the right balance between our tax competitiveness and our broader place in the world htt…
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@maawlaw
Mark Warner
on x
“... #Ireland, a main holdout to the deal, said it was ready to accept a 15% minimum #tax rate after Prime Minister Michael Martin [said] the rate would only apply to multinational giants like @Facebook & @Apple, but not to Irish companies operating in Ireland.”🤔 #OECD #G20 https…
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@virpiheikkila
@virpiheikkila
on x
The new tax rate will affect 1,556 companies in Ireland employing 500,000 people, among them US tech giants such as Apple, Google, Amazon and Facebook. Ireland now joins 140 countries in agreeing to the effective levy of 15% on major multinationals.
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@simoncoveney
Simon Coveney
on x
Very significant achievement by @Paschald on behalf of #Ireland - it's a good result & the right decision. Most importantly it provides as much certainty as possible for the future. As a small country #Ireland continues to shape & influence global decisions that matter! @dfatirl …
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@faisalislam
Faisal Islam
on x
Significant move from Ireland, to bring corporation tax into line with G7 and G20 - probably helps that UK c-tax will be so much higher soon... https://twitter.com/...
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@wooferanon
Woofer
on x
12.5% or higher, and I hope this was happening anyway, our economy should have been developed for shocks. Apple leaving Ireland would be horrendous. We should do more to keep them here (world class education and housing for workers), but also develop medium indigenous business.
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@wooferanon
Woofer
on x
I hate to think that we were brow-beaten into changing our corporation tax rate. I hate to think that this was pressure from other countries acting in their own interest. It was a deal with the devil but it was our deal, and well-served us, this little rock out in the Atlantic.
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@realbobbyhealy
@realbobbyhealy
on x
Thoughts & Prayers today for Google Amazon Facebook Apple Intel et al Ireland's FDI strategy has been misbalanced for decades. I'm hoping harmonisation of the corporate tax regime in the EU will finally trigger some focus and support for our indigenous tech companies. https://twi…
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@mj_coren
Michael J. Coren
on x
Apple must be scouting some pretty sketchy places to stash profits next. The OECD plans to impose a 15% minimum tax rate in more than 130 countries— ending Ireland's 1-2% effective tax rate for some companies https://www.theguardian.com/ ...
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@cate_long
Cate Long
on x
“Ireland, a low-tax country that is European headquarters to some of the largest US technology companies, said it would join a global agreement to set a minimum rate of 15% for taxing corporate profits.” Very big deal. How will Puerto Rico maintain 4% rate on CFCs? #muniland http…
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@jnordvig
Jens Nordvig
on x
This, I think, continues to move faster than most expected. https://www.wsj.com/... via @WSJ
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@richardrubindc
Richard Rubin
on x
New from @PaulHannon29 and me: Ireland is joining the global tax deal, in advance of an international meeting Friday. https://www.wsj.com/...
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@anthony
Anthony DeRosa
on x
Ireland, a low-tax country that is the European headquarters to some of the largest U.S. technology companies, said it would join a global agreement to set a minimum rate of 15% for taxing corporate profits https://www.wsj.com/...