Corporate tax reform: what is the Irish Government really thinking?

Ireland rarely tries to be an outlier in international relations, but it is now

Google’s European headquarters in Silicon Docks in Dublin. For decades, multinationals moved to Ireland for its low taxes. Photograph: Paulo Nunes dos Santos/ The New York Times

Google’s European headquarters in Silicon Docks in Dublin. For decades, multinationals moved to Ireland for its low taxes. Photograph: Paulo Nunes dos Santos/ The New York Times

“He’s prepared to cop the flak.” That was the summary of one high-level source when asked about the fallout for Ireland and for Minister for Finance Paschal Donohoe from Ireland’s decision last week to refuse to sign up to the OECD agreement on a minimum effective tax rate check.

Donohoe is president of the Eurogroup of finance ministers, many of whose members are ardent supporters of the idea of taxing multinationals more – a lot more. It is well that he is prepared, because there will be lots of flak to cop.

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