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

Tuesday, 20 July 2021 11:57

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

More from National News

Funding Suddenly Approved As Clane School Faces Fire Safety Closure

In correspondence seen by Kfm News, the school said the Board of Management’s foremost priority is the safety of pupils and staff.
BREAKING: Clane Primary School To Close After "Non-Compliant" Fire Alarm Deemed A Risk To Life

An email seen by Kfm News stated that the "fire alarm system currently in place in the school is not compliant and poses a risk to life in the event of a fire. As a result, the school cannot remain open until this issue is resolved."
Faulty Software Update Leaves Thousands Of New Passports At Risk Of Travel Problems

Holders are being urged to check the date of issue on the data page of their passport.
Kildare Council Proposes To Relax Rules After Serviced Sites Scheme Fails To Generate Interest

A proposed change to the County Development Plan would widen the eligibility area to a 10-kilometre radius and cut the proof-of-residency requirement to 10 years.
Maynooth's Paul Mescal Explains Why He Prefers London Over Dublin Following Backlash

Audio

He has since clarified the comment, saying London has more opportunity for aspiring artists, and living in Dublin was "frustrating".
European Union Approves Mercosur Trade Deal

Minister for Agriculture and Kildare South TD, Martin Heydon, who said that the Irish government and EU will ensure safeguards are in place for farmers and consumers
Uisce Éireann Reminds Motorists Of Two-Month Road Closure In Leixlip For Pipeline Works

Uisce Éireann says further temporary closures are expected later this year, with advance notice to be given.
Revealed: Roof Leaks And Mould Close Classrooms At Curragh Community College - Students To Walk Out

The situation has frustrated students so much that some of them are planning a walkout on Tuesday.