Ireland will fight to prevent tax cuts

Ireland will fight to prevent tax cuts

On Tuesday (May 25) Ireland rejected a 15% minimum tax on the profits of multinational companies, saying it did not agree with that rate. But in reality the country has very few ways to prevent its implementation or to escape its consequences.

A dissenting voice in the excitement around him. On Tuesday, May 25, Ireland rejected a proposal by the United States five days ago to impose a 15% minimum tax on the profits of multinational corporations. The Irish finance minister indicated that his country did not intend to increase its own legal rate, which is one of the lowest in the world today, at only 12.5%. What sparks the plan cycles when the island remains the hub of tax optimization strategies in Europe? In fact, the country has no way of preventing the implementation of the device or escaping its consequences. Find their profits in countries that impose favorable taxes. “these [dernières] There are now a handful of tax hikes that make huge profits, the most important of which are Ireland, Luxembourg, the Netherlands, Singapore, Hong Kong and Bermuda. ”

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