Ireland, which had not participated in the general agreement, announced that it would support the minimum corporate tax rate of 15% as negotiations to create international rules to enable proper taxation of large global companies came to an end, and the final agreement was reached. We have made progress toward.
A group consisting of 140 countries and regions centered on Japan and other member countries of the Organization for Economic Co-operation and Development (OECD) will be able to appropriately tax giant global companies such as "GAFA" with new international taxation. We are in the process of negotiating the creation of rules.
The pillar is the introduction of a minimum tax rate to stop the competition to reduce corporate tax, and in July it was generally agreed to set it to "15% or more", but Ireland with a lower tax rate has not been added. It was.
Against this backdrop, Ireland announced on the 7th that it would support the international agreement.
This is because it was determined that the minimum tax rate would no longer exceed 15%, as it was said that the promise to remove "more than" from the notation "15% or more" in the original draft of the agreement was obtained.
"Some countries wanted higher tax rates, but our stance has eased that, and Ireland can remain competitive," Treasury Minister Donohu said in a statement.
A group of OECD member states and others on international tax rules will meet online on the night of the 8th of Japan time to negotiate a final round of negotiations, and with the support of Ireland, they have moved forward toward a final agreement.