OECD tax plan will be a really big deal for Ireland
Smart Money: Changes to tax regime could make it more difficult to attract foreign investment
Ireland’s corporate tax take has soared over the past few years, helping to pay for a lot of extra government spending. But there are fears that international moves to change the tax rules could cost Ireland revenue in the years ahead, as well – perhaps more significantly – as making it more difficult to use the tax regime to attract foreign investment here.
Our drive to attract foreign direct investment has been based, in part, on the push given to US companies by their own tax regime to serve overseas markets from locations outside the States. Big changes in US tax law have changed this, however, and now change looks to be on the way for global rules, too.