Taxation of multinationals: how do you experience this decision in Ireland?

2021-10-09T13:43:48.758Z

One hundred and thirty-six countries have just validated the OECD agreement which provides for the transition to 15%, worldwide, of corporate tax. One of the last countries that remained to be convinced was Irlan ...

Taxation of multinationals: how do you experience this decision in Ireland?

The Irish, even though they supported the 12.5% tax - seen as a provider of jobs and wealth, expected the government to give in;

tiny Ireland does not have much weight against the more than 130 countries already in the agreement.

Getty Images - Edwin Remsberg

Text by: RFI Follow

1 min

One hundred and thirty-six countries have just validated the OECD agreement which provides for the transition to 15%, worldwide, of corporate tax.

One of the last countries that remained to be convinced was Ireland, which finally obtained that this tax was not increased in the coming years.

The country is however very attached to its own rate, of 12.5%.

How do we react there?

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With our correspondent in Dublin,

Émeline Vin

On the business side, the body responsible for attracting direct investment from abroad does not foresee an immediate flight from the digital and pharmaceutical giants - it is now a question of emphasizing the other advantages of the Ireland, Anglophonie, multiculturalism, to retain investments in the medium term.

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See also: Taxation of multinationals: the OECD announces the agreement of 136 countries for a rate of 15%

As soon as the decision to join the OECD agreement was announced, the Minister of Finance began his “reassurance” operation by recalling the tax credits that companies can always request, for research and development, and the government's intention to invest in infrastructure and education for half a million multinational employees and their families.

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See also:
OECD: towards 15% taxation of multinationals after Dublin's "yes"

The rest of the Irish, even though they supported the 12.5% tax - seen as a provider of jobs and wealth, expected the government to give in;

tiny Ireland does not have much weight against the more than 130 countries already in the agreement.

But the subject of taxation, often in the headlines, struggles to continue to interest a population more concerned by a failing health system and an uncontrolled housing crisis.

Taxation of multinationals: how do you experience this decision in Ireland?

Taxation of multinationals: how do you experience this decision in Ireland?

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