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Daily Tax Report: International

Irish Finance Minister Calls for Changing Global Tax Rules

May 23, 2019, 7:08 PM

Irish Finance Minister Paschal Donohoe said global corporate tax rules must change to take account of user-generated value in the digital economy.

Ireland’s 12.5% corporate tax rate—among the lowest in Europe—has helped it attract digital business giants like Facebook Inc. and Apple Inc. to set up their European hubs in the country.

“We must be open, however, to considering and developing a broader concept of value creation which recognizes that some value may arise from scale, from brands or from access to markets,” he said May 23 at the Harvard Kennedy School and Irish Tax Institute Global...

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