Ireland’s deputy prime minister has said his country does not wish to be seen as a tax haven and would prefer to be “in the tent” as negotiators in Paris seek a deal to establish a global minimum corporate tax rate of 15 per cent.
Leo Varadkar has outlined a plan by Dublin in response to the planned OECD move to raise the corporate tax on multinationals from 12.5 per cent to 15 per cent. Varadkar stressed that most Irish companies would still benefit from the lower rate.
If the Irish drop their objections it would clear a significant hurdle to get to a global deal, which now has almost unanimous backing.
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