Market comment

Ireland set to sign up to OECD deal on corporate tax

DAVY VIEW

The Irish government looks set to announce on Thursday (October 7th) that it will sign up to the OECD agreement on corporate tax. This decision follows apparent concessions such that the EU Commission will not seek to exert pressure for a rate above 15% and that Ireland can retain its existing 12.5% rate for firms that are not within the scope of the OECD agreement. The evidence suggests the small increase in Ireland’s corporate tax rates will not significantly reduce its attractiveness as a location for foreign direct investment (FDI).

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Oct 6 2021, 08:10 IST/BST

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