When the Taoiseach can’t say what the tax rate will be, you know the pressure is on

Cliff Taylor: No doubt way is being cleared for a change in Ireland’s corporation tax regime

One of Ireland’s key calling cards has been certainty and stability in the tax arrangements for international investors. Photograph: Bryan O’Brien

One of Ireland’s key calling cards has been certainty and stability in the tax arrangements for international investors. Photograph: Bryan O’Brien

There is no doubt that the way is being prepared to make what would be an historic change in Ireland’s corporation tax regime. But while the time to make the big call looks like it is coming, it has not yet arrived. And considerable uncertainty remains about the much-discussed international tax deal that will determine Ireland’s options. Expect to see senior ministers wriggling on the fence here for a few months to come

One thing is for sure. If there is a deal that the vast bulk of OECD members sign up to, Ireland will too. Minister for Finance Paschal Donohoe said this week that Ireland could decide to stay outside such as deal. It could, but it is very unlikely that it would.

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