Once implemented, companies with a turnover of more than €750 million per annum will face the 15 per cent rate – with Mr Donohoe saying he expects this will be the effective rate they end up paying.
Ireland had been among a handful of countries holding out on signing up to the deal and came under intense international pressure to join. He said the Cabinet had approved his recommendation to join the “international consensus” and insisted it was the “right decision”, that it was “sensible and pragmatic”, and had been “made in the interests of our country”.
He said the critical issue was the minimum effective tax rate of at least 15 per cent and the “desire of some [other countries] to seek a higher rate...He said not signing up would have brought reputational and economic risks.
Lies more lies you raise the tax you get more money 💰
Higher tax rate, less tax?
It doesn’t feel great being lied too all the time. PR can’t cover every negative action performed by this Government on the people. Ireland does not benefit from this in any way, shape or form. What is he thinking?
When the guardian decides the MicaProtest is worth reporting on, perhaps you can do us some justice today - you know, as another unbiased, non-government-influenced international reporter of news.
A children’s hospital lost every year.