D-day for tax rates
IRELAND is likely to decide today if it will sign up to a global tax deal that would see it increase corporation tax above 12.5 per cent.
Foreign Affairs Minister Simon Coveney said he was “hopeful” Ireland would be able to sign up to the Organisation for Economic
Co- operation and Development (OECD) deal on global tax reform.
The deal could see Ireland’s highly-prized 12.5 pe cent rate increase to 15 per cent.
Ireland is one of just a small number of countries not to have signed up to the deal.