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Ireland seeking ‘compromise’ with US on 15% global minimum tax push

June 19th, 2021
Categories: News

Link: https://www.rt.com/business/526945-ireland-compromise-biden-tax-push/

G7 finance ministers’ agree to minimum corporate tax rate of 15% worldwide.. Ireland's corporate tax rate of 12.5% one of the lowest in Europe.. Plan will make it more difficult for corporations to set up operations abroad, where tax rates are often dramatically lower. The US, charges a flat corporate tax rate of 21%, Biden has proposed hiking to 28%.

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