Leo Varadkar said large countries are trying to gain tax revenues at the expense of smaller ones (Niall Carson/PA)Tanaiste Leo Varadkar has defended Ireland’s efforts to resist a global minimum corporate tax rate. On Monday, Finance Minister Paschal Donohoe Donohoe met United States Treasury Secretary Janet Yellen in Brussels as international pressure mounts on Ireland’s opposition to global corporate tax reform proposals. Ireland has become an outlier internationally in resisting proposals for a minimum global rate of 15% on corporations. “This isn’t just about tax justice and big companies paying their fair share of tax, although it is about that. IDA chief executive Martin Shanahan said the stability of Ireland’s corporate tax rate has boosted investor confidence in the country.

Source: Irish Independent July 12, 2021 14:01 UTC