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Ireland refuses to commit to global minimum corporate tax plan
Irish Taoiseach Micheál Martin has declined to take a concrete stance on whether the country will maintain its 12.5% corporate tax rate amid growing pressure to join an Organisation for Economic Co-Operation and Development (OECD) plan for a minimum global corporate tax rate of 15%. Regarding Ireland’s tax intentions for US companies, Martin said he would not promise anything until talks with the OECD were resolved. Ireland is one of the nine countries holding out on signing up to the deal, which was struck in July this year. The country’s low corporate rate has been a long-term central feature of its tax policy ... (full story)
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