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Ireland agrees to back global corporate tax deal

Ireland agrees to back global corporate tax deal
Ireland agrees to back global corporate tax deal   -   Copyright  Thomson Reuters 2021
By Reuters

DUBLIN – Ireland on Thursday dropped its opposition to an overhaul of global corporate tax rules, agreeing to give up its prized 12.5% rate for large multinationals in a major boost to efforts to impose a minimum global rate.

“The government has now approved my recommendation that Ireland joins the international consensus. This is the right decision, it is a sensible and pragmatic decision,” Finance Minister Paschal Donohoe told a news conference.