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Corporation tax reforms

Ireland is one of 140 countries to support new tax reforms that will set a global minimum corporation tax rate for large firms.

Business • 12 Oct 21

S&P also notes the public finances have improved in recent years and this gives the Government some leeway

S&P says corporate tax decision may dent Govt revenues

The ratings agency, Standard & Poor's, has said Ireland's decision to join the OECD global corporate tax deal may 'dent' government revenues 'in the absence of offsetting budgetary measures.'

Business • 11 Oct 21

The OECD called it 'major reform' of the international tax system

136 out of 140 countries join OECD global tax deal

The OECD has announced that 136 countries have signed up to a new international agreement on corporate tax rules.

Business • 08 Oct 21

For much of the last decade, The OECD has been heading up an initiative to recast corporate taxation policy to - as it describes it - 'put an end to tax avoidance strategies'

Bye to the 12.5% - saviour or a stick to beat us with?

As Ireland prepares to say farewell to the 12.5% corporate tax rate - for larger companies at least - we've been looking at its likely legacy and what a 15% rate might mean for Ireland.

Business • 07 Oct 21

Taoiseach Micheál Martin was speaking at a summit in Slovenia

Revision of draft OECD tax reform plan positive: Martin

Taoiseach Micheál Martin has said the revision of the text of a draft OECD global corporate tax rate reform plan is a positive step.

Business • 06 Oct 21

The OECD plan had stated that a global minimum tax rate of 'at least' 15% will be set.

Phrase 'at least' removed from draft OECD tax deal

RTÉ News understands that the 15% minimum corporate tax rate in the revised draft of the OECD reform plan is "very firm", according to a well-placed source.

Ireland • 05 Oct 21

Finance Minister Paschal Donohoe attended a virtual meeting of G7 finance ministers yesterday

Donohoe wants certainty on corporation tax rates

Minister for Finance Paschal Donohoe has said that Ireland will enter the OECD's global tax agreement if certainty and stability on corporation tax rates can be assured and if not "we will stay where we are".

Business • 30 Sep 21

Mr Donohoe was speaking to reporters in Dublin following a virtual meeting of G7 finance ministers

Next week will be 'critical' for tax deal, Donohoe says

The Minister for Finance has said the process of negotiating a new deal on global corporation tax reform is entering a very important period and next week would be a critical moment.

Business • 29 Sep 21

US Treasury Secretary Janet Yellen expressed appreciation for Ireland's constructive participation in the OECD talks

Donohoe, Yellen hold 'constructive' corporate tax talks

Minister for Finance Paschal Donohoe has spoken with the US Treasury Secretary Janet Yellen about the current OECD process that aims to reform global corporation tax rules.

Business • 23 Sep 21

Big Government decision on corporation tax looms large

When Paschal Donohoe gets to his feet on October 12th to deliver the Budget, watch out if his speech contains a key line.

Business • 21 Sep 21

Ireland wants 'certainty' on tax deal - McGrath

The Minister for Public Expenditure and Reform, Michael McGrath, has said that Ireland has adopted a 'considered and measured approach' to remaining within OECD negotiations on tax reform but outside the Framework Agreement reached in July.

Politics • 21 Sep 21

Micheál Martin said there is 'still a journey to travel' on Corporation Tax

Govt in 'constructive' OECD talks on corporation tax

The Government are engaging in "constructive" discussions with the Organisation for Cooperation and Development on corporation tax, the Taoiseach has said.

Business • 20 Sep 21

European Commissioner for Economy Paolo Gentiloni and Minister for Finance Paschal Donohoe in Dublin (Pic: RollingNews.ie)

EU Economy Commissioner confident on new tax deal

The EU's Economy Commissioner has said he is confident there is "a chance to find a shared way" that would see Ireland sign up to a global tax agreement that would see the corporate tax rate increase to 15%.

Business • 20 Sep 21

Finance Minister Paschal Donohoe warns the unexpected increase in corporation tax take this year could be gone by 2023

No changes to Budget framework - Donohoe

The Minister for Finance has said he is not looking at making any further changes to the framework for October's budget beyond what was set out in the Summer Economic Statement, despite better than expected tax receipts in recent months.

Business • 08 Sep 21

Last year, corporation tax accounted for 20% of tax revenues

Record amount of corporation tax collected last year

The high proportion of tax revenue coming from corporation tax represents "a significant risk to the public finances," according to a report published by the Department of Finance today.

Business • 10 Aug 21

Paschal Donohoe and Janet Yellen met for talks over breakfast in Brussels (Pic: Twitter/@Paschald)

Donohoe reports 'very good engagement' with Yellen

Minister for Finance Paschal Donohoe has maintained his reservation about a global minimum corporate tax rate in a meeting with US Treasury Secretary Janet Yellen today, a spokesperson for the Minister said.

Ireland • 12 Jul 21

Is Ireland's 12.5% Corporation tax rate toast?

Thursday saw the OECD forge a landmark deal to reform the global corporation tax system.

Business • 03 Jul 21

A detailed implementation plan together with remaining issues will be finalised by October 2021

Ireland not among 130 countries to back global tax deal

The Organisation for Cooperation and Development has said that 130 countries and jurisdictions have signed up to a plan that will bring sweeping new reforms to global corporation tax rules.

Business • 02 Jul 21

More than 250,000 people were employed by multinationals here at the end of 2020

Is Ireland's multinational romance coming to an end?

Questions are now growing about whether Ireland can hold on to its low corporation tax rate much longer, writes Will Goodbody.

Analysis and Comment • 12 Jun 21

Finance Minister Paschal Donohoe says he is confident that Ireland will continue to be a really attractive place to do business

Ireland to make strong case for tax competition

Minister for Finance Paschal Donohoe has said that Ireland will be vigorously making the case for tax competition and for maintaining a corporate tax rate of 12.5%.

Business • 11 Jun 21

Paschal Donohoe attended the meeting in his capacity as President of the Eurogroup

Ireland 'could lose €2.2bn a year' with tax reform

The Minister for Finance has said the Government could lose around €2.2bn a year in corporation tax revenue, if today's G7 agreement on corporation tax reform is implemented.

Ireland • 05 Jun 21

The new tax plan aims for an equitable and stable business environment to underpin economic growth and employment

EU proposes 'business-friendly' unified tax rulebook

The European Commission has proposed new corporation tax rules in Europe that could allow companies to file one tax return for all its operations in the EU.

Business • 18 May 21

Danny McCoy said if corporation tax globally is relatively homogenous, then it can not be undercut by new aspirants

Proposed tax changes could create opportunities - Ibec

The chief executive of employers' group Ibec has said proposed changes that may see a global minimum corporation tax rate agreed could create some opportunities for Ireland.

Business • 22 Apr 21

The Minister said he will publish an update on Ireland's Corporation Tax Roadmap

Corporation tax of 12.5% unchanged in Budget

Minister for Finance, Paschal Donohoe has reaffimed Ireland's commitment to the 12.5% corporation tax rate.

budget 2021 • 13 Oct 20

Paschal Donohoe said the Exchequer deficit stood at €9.4 billion for the first nine months of the year

Budget deficit will not run to €30bn

The Government does not now expect this year's budget deficit to run to €30bn. At a press conference this afternoon, the Minister for Finance Paschal Donohoe said part of the reason for this is the better than forecast income tax returns.

Business • 02 Oct 20