Ireland will only sign a major international corporation tax increase agreement if it is in the country’s “best interests”, as the finance minister announced yesterday.
Paschal Donohoe said he was focused on making decisions that would allow the economy to grow and that the government’s position on its corporate tax rate of 12.5 percent has not changed.
Ireland is one of five of 139 countries that have not agreed to a proposal by the Organization for Economic Co-operation and Development (OECD) for a worldwide floor of 15 percent for corporate tax. A new round of formal talks is scheduled to take place next month to finalize the deal.
“We are involved in a lot of discussions and negotiations