Irish Finance Minister Pascal Donohue on Thursday He said Ireland will raise the minimum tax on profits of multinational companies operating in the region from 12.5 to 15 per cent, thus joiningGlobal agreement on taxation of multinational companies In July this year, 130 countries joined (the agreement provides for a 15 percent lower tax rate, and Ireland has no plans to raise taxes beyond this limit).
The decision comes after months of discussions with the OECD, an organization for economic cooperation and development that unites the 35 most developed countries in the world. The details of how Ireland will join the agreement will be discussed at the OECD meeting in Paris on Friday, with the agreement only coming into force in 2023, but there are already some details: the new tax will apply to companies with turnover in Ireland. For more than 50 750 million, the tax on small items will remain at 12.5 per cent.
Ireland He was not The first to join the agreement to reduce the tax on profits (which includes companies that make half the profits from patents and software), thus attracting more foreign investors. Among those who did not join the agreement between the countries of the European Union were three: Ireland, Hungary and Estonia.
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