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Ireland to Defend Legitimate Tax Competition, Donohoe Says

Logo: Bloomberg Law

By Morwenna Coniam

Ireland will make the case for the role of legitimate tax competition, Irish Finance Minister Paschal Donohoe said after the Group of Seven advanced economies agreed on a minimum global corporate tax rate of at least 15%. “Today is an important sign post,” Donohoe said. “It does have consequences for the future of corporate tax policy across the world, but in the process that is to come, I’ll be making the case for the role of legitimate tax competition,” he told reporters in London, adding that he will be engaging “constructively” with the Organization for Economic Cooperation and Development and U.S. Treasury Secretary Janet Yellen. Any international agreement on how companies are taxed will need to meet the needs of “small and large countries, developed and developing,” Donohoe earlier said in a tweet, noting that there are 139 countries in the OECD. 

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By Morwenna Coniam, posted on Saturday June 5, 2021

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