Any change in corporation tax rate would only affect ‘very large companies’ – Varadkar

“It is a big part of our pitch when it comes to foreign investment and it has been very successful, and that’s what we want to retain. But on balance we have to make a decision at a certain point as to whether it’s better for us to be within an international agreement or without it and that’s why we can’t make a firm commitment at the moment as to whether we’ll be inside or outside that treaty.”

The party’s submission to Minister for Finance Paschal Donohoe’s consultation on OECD international tax reforms stops short of explicitly calling for an increase in the rate, but it does say Ireland should commit to “pillar two” of the OECD’s process, which contains a commitment to a global minimum corporate tax rate of “at least” 15 per cent.

“Our submission is grounded in the reality about the direction of travel of this process. It’s not the Labour Party saying we no longer support the 12.5 [PER CENT RATE], it’s an acknowledgement that the change is under way,” Mr Nash said. “We don’t believe the 12.5 per cent will be retained into the future. We believe that will change, whether we like it or not.”Sinn Féin’s finance spokesman Pearse Doherty said there is “obviously a need to fundamentally reform the international tax system”. Sinn Féin supports the broad policy objectives set out in the OECD inclusive framework, he said.

Oh it’s just the ones who employ lots of people and pay the highest wages

Changed times mr mc Garth standing side by side with LEO is it NICE to see to too big opposition party's of all time get together. Lol

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Taoiseach says he won't make commitments ‘one way or the other’ to companies about corporation tax rateThe Taoiseach said the 12.5% rate has been a 'key part of our tax policy' for years, and as of yet, Ireland has not agreed to the OECD conclusions that have been arrived at so far The EU took away our duty free, after we invented it, they'll do the exact same thing again with the tax bracket, when many of the companies pull out of Ireland, the politicians will be enjoying their pensions, we're screwed. Why should they? Irish citizens get screwed, so major corporations can laugh all the way to the bank.
Source: thejournal_ie - 🏆 32. / 50 Read more »