Biden administration could 'heighten' US engagement on global tax reform, says Paschal Donohoe

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 14%
  • Publisher: 50%

Changes to global tax rules are afoot that could cost Ireland €2 billion in corporation tax revenues.

Ireland Headlines News

Ireland Latest News, Ireland Headlines

Image: RollingNews.ie Image: RollingNews.ie UNILATERAL MOVES BY countries like France to tax technology companies create “clear and present” economic threats for Ireland, Finance Minister Paschal Donohoe has said.

Changes to international tax rules currently being discussed by OECD countries could cost Ireland up to €2 billion in corporate tax revenues, the minister said. Frustrated by the impasse, France recently began demanding millions of euros in tax payments from US multinational tech corporations like Facebook and Amazon through a new digital tax.

Donohoe said that the engagement from the Trump administration on this issue has been “an awful lot more active than the narrative around it might suggest”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All smiles when he told Johnson he would be at the back of the 'line' for a trade deal, though. Haha. See you on the outside. Hahaha. Irexit!!!!

Similar News:You can also read news stories similar to this one that we have collected from other news sources.