New Tax Regime Won’t Push Big Tech Companies Out of Ireland

June 8, 2021, 4:00 AM

Big tech companies and other industries that have bunkered down in Europe’s tax havens are unlikely to shift their bases under the proposed global minimum tax regime as markets like Ireland still offer more corporate perks than wealthier neighbors.

While the 15% tax rate proposed by the Group of Seven rich nations is higher than Ireland’s current 12.5% levy for businesses, it’s still below the 20% or more companies would face in countries like the U.S. or France. The country also has tax treaties with other nations that allow multinational businesses to pay a lower rate and incentives to compensate ...

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