Ireland plays defense as overhaul to global corporate tax rate looms

The Irish government is on the defensive because of a new global tax plan could threaten its status as a tax haven for multinational corporations like Apple.

Credit: AppleCredit: Apple

Earlier in 2021, the G7 group of nations agreed to close tax loopholes leveraged by global companies by enforcing a minimum corporate tax rate of at least 15%. Now, The New York Times reports that Ireland plans to put up a fight.

Read more…