Secondly there is a proposed global minimum tax rate which would apply to multinationals of “at least” 15 per cent . So what happens next, will there be an OECD tax deal? And as well as how much tax companies pay, it is also about where they pay it, with exchequers needing cash after the pandemic. And because the big companies will pay more tax in big consumer markets, they will pay less in Ireland. If an OECD deal is agreed, Ireland will come under pressure to adopt the new global minimum rate.

Source: The Irish Times June 05, 2021 15:32 UTC