igforum.bio / ireland-signs-oecd-inclusive-framework-agreement-to-make-international-tax-laws-fairer-and-end-tax-avoidance-the-news-pocket - 24400
E
%Start Ireland signs OECD Inclusive Framework Agreement to make international tax laws fairer and end tax avoidance - The News Pocket 0 0 HomeAutomobileBusinessTechnologyEntertainmentInternetSportsReviews 0 Business <h1>Ireland signs OECD Inclusive Framework Agreement to make international tax laws fairer and end tax avoidance</h1> Posted by By Michael Turner October 8, 2021 Ireland signs OECD Inclusive Framework Agreement to make international tax laws fairer and end tax avoidance Last Thursday, Ireland said it would join an international agreement that sets taxes on profits for multinational corporations at a minimum rate of 15 percent. It is a major shift for the country in terms of tax laws.
Ella Rodriguez Member
access_time 5 minutes ago
%Start Ireland signs OECD Inclusive Framework Agreement to make international tax laws fairer and end tax avoidance - The News Pocket 0 0 HomeAutomobileBusinessTechnologyEntertainmentInternetSportsReviews 0 Business

Ireland signs OECD Inclusive Framework Agreement to make international tax laws fairer and end tax avoidance

Posted by By Michael Turner October 8, 2021 Ireland signs OECD Inclusive Framework Agreement to make international tax laws fairer and end tax avoidance Last Thursday, Ireland said it would join an international agreement that sets taxes on profits for multinational corporations at a minimum rate of 15 percent. It is a major shift for the country in terms of tax laws.
thumb_up Like (38)
comment Reply (1)
share Share
visibility 190 views
thumb_up 38 likes
comment 1 replies
V
Victoria Lopez 4 minutes ago
The country has the European headquarters of many large US pharmaceutical and tech companies includi...
B
The country has the European headquarters of many large US pharmaceutical and tech companies including Google, Apple, and Facebook. Statistically, the increase from the current rate of 12.5 percent to 15 percent might not be large by itself but signing an Inclusive Framework Agreement with Organization for Economic Cooperation and Development (OECD) is actually a two-pillar plan aimed at helping end tax avoidance and making international tax rules fairer and more transparent.
Brandon Kumar Member
access_time 4 minutes ago
The country has the European headquarters of many large US pharmaceutical and tech companies including Google, Apple, and Facebook. Statistically, the increase from the current rate of 12.5 percent to 15 percent might not be large by itself but signing an Inclusive Framework Agreement with Organization for Economic Cooperation and Development (OECD) is actually a two-pillar plan aimed at helping end tax avoidance and making international tax rules fairer and more transparent.
thumb_up Like (21)
comment Reply (1)
thumb_up 21 likes
comment 1 replies
E
Elijah Patel 3 minutes ago
The agreement was outlined in July. The OECD estimates that a 15 percent tax rate would generate som...
L
The agreement was outlined in July. The OECD estimates that a 15 percent tax rate would generate some $150 billion in global tax revenue annually and it would help to stabilize the international tax system.
Liam Wilson Member
access_time 15 minutes ago
The agreement was outlined in July. The OECD estimates that a 15 percent tax rate would generate some $150 billion in global tax revenue annually and it would help to stabilize the international tax system.
thumb_up Like (28)
comment Reply (1)
thumb_up 28 likes
comment 1 replies
E
Ella Rodriguez 2 minutes ago
Ireland signed the deal ahead of a Friday meeting at the OECD. It was one of 140 countries signing t...
I
Ireland signed the deal ahead of a Friday meeting at the OECD. It was one of 140 countries signing the agreement. With this agreement, global companies would have to pay taxes in countries where their products or services are sold even if they don’t have a physical presence there.
Isabella Johnson Member
access_time 20 minutes ago
Ireland signed the deal ahead of a Friday meeting at the OECD. It was one of 140 countries signing the agreement. With this agreement, global companies would have to pay taxes in countries where their products or services are sold even if they don’t have a physical presence there.
thumb_up Like (38)
comment Reply (1)
thumb_up 38 likes
comment 1 replies
E
Ethan Thomas 13 minutes ago
Incidentally, it will apply to multinational companies with revenues above €750 million. However, ...
S
Incidentally, it will apply to multinational companies with revenues above €750 million. However, for companies with less revenue than the benchmark, the current rate of 12.5 percent would continue to remain in effect in Ireland. In the past decades, Ireland has served as a tax shelter for many large tech companies due to its comparatively low corporate tax rate.
Sophie Martin Member
access_time 5 minutes ago
Incidentally, it will apply to multinational companies with revenues above €750 million. However, for companies with less revenue than the benchmark, the current rate of 12.5 percent would continue to remain in effect in Ireland. In the past decades, Ireland has served as a tax shelter for many large tech companies due to its comparatively low corporate tax rate.
thumb_up Like (29)
comment Reply (0)
thumb_up 29 likes
J
Over the years, multinational firms all over the world have typically created Irish subsidiaries of their companies that license their intellectual property on which the subsidiary pays royalties. According to the American Chamber of Commerce Ireland, it is estimated that as many as more than 800 US companies have operations in Ireland.
James Smith Moderator
access_time 12 minutes ago
Over the years, multinational firms all over the world have typically created Irish subsidiaries of their companies that license their intellectual property on which the subsidiary pays royalties. According to the American Chamber of Commerce Ireland, it is estimated that as many as more than 800 US companies have operations in Ireland.
thumb_up Like (41)
comment Reply (2)
thumb_up 41 likes
comment 2 replies
L
Luna Park 9 minutes ago
These companies employ about 180,000 people. Apple’s first Ireland based plan was established in 1...
D
Dylan Patel 6 minutes ago
Similarly, Facebook established its international headquarters in Dublin in 2008, and in 2003, Googl...
S
These companies employ about 180,000 people. Apple’s first Ireland based plan was established in 1980. It now employs around 6,000 people on its campus in the city of Cork.
Sofia Garcia Member
access_time 28 minutes ago
These companies employ about 180,000 people. Apple’s first Ireland based plan was established in 1980. It now employs around 6,000 people on its campus in the city of Cork.
thumb_up Like (49)
comment Reply (0)
thumb_up 49 likes
M
Similarly, Facebook established its international headquarters in Dublin in 2008, and in 2003, Google announced its European headquarters would be in Ireland. In a statement, Irish finance minister Paschal Donohoe said that the agreement will “address the tax challenges of digitalization.” Donohoe said he believes companies will still choose to locate their headquarters in Ireland. He said “I am confident that Ireland will remain competitive into the future, and we will remain an attractive location and ‘best in class’ when multi-nationals look to investment locations.
Madison Singh Member
access_time 8 minutes ago
Similarly, Facebook established its international headquarters in Dublin in 2008, and in 2003, Google announced its European headquarters would be in Ireland. In a statement, Irish finance minister Paschal Donohoe said that the agreement will “address the tax challenges of digitalization.” Donohoe said he believes companies will still choose to locate their headquarters in Ireland. He said “I am confident that Ireland will remain competitive into the future, and we will remain an attractive location and ‘best in class’ when multi-nationals look to investment locations.
thumb_up Like (4)
comment Reply (1)
thumb_up 4 likes
comment 1 replies
H
Hannah Kim 6 minutes ago
“These multinational enterprises support our economy with high value jobs, and at the same time, I...
C
“These multinational enterprises support our economy with high value jobs, and at the same time, Ireland provides a stable platform and a long proven track record of success for MNEs choosing to invest here.” The OECD agreement provisions can be expected to take effect from 2023 onwards. Share on Share on Facebook Share on Twitter Share on Pinterest Share on Email Michael Turner October 8, 2021 Michael Turner View More Posts Michael Turner is an environmental activist with broad, deep experience in print and online writing, publication and site management, news coverage, and editorial team management. <h4>Leave a Reply</h4> <h3>Leave a Reply Cancel reply</h3> You must be logged in to post a comment.
Charlotte Lee Member
access_time 36 minutes ago
“These multinational enterprises support our economy with high value jobs, and at the same time, Ireland provides a stable platform and a long proven track record of success for MNEs choosing to invest here.” The OECD agreement provisions can be expected to take effect from 2023 onwards. Share on Share on Facebook Share on Twitter Share on Pinterest Share on Email Michael Turner October 8, 2021 Michael Turner View More Posts Michael Turner is an environmental activist with broad, deep experience in print and online writing, publication and site management, news coverage, and editorial team management.

Leave a Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.
thumb_up Like (19)
comment Reply (0)
thumb_up 19 likes
D
<h2>You Might Also Enjoy</h2> Business <h3> What to Look for in Job Candidates </h3> Posted by By TNP Team 5 Min Read Business <h3> How Long Can Creditors Pursue a Debt in California </h3> Posted by By TNP Team 5 Min Read Business <h3> Nike takeover RTFKT to make Virtual Sneakers for Metaverse </h3> Posted by By Michael Turner 2 Min Read Business <h3> Nintendo is shutting its Redwood City and Toronto offices </h3> Posted by By Maria Janulis 2 Min Read Business <h3> Microsoft beats Apple to be the most valuable company in the world </h3> Posted by By Maria Janulis 2 Min Read Business <h3> Meta acquires Within after Facebook touts VR fitness </h3> Posted by By Michael Turner 1 Min Read Load More Our website uses cookies to improve your experience. Learn more about: Cookie Policy Accept Go to mobile version
Daniel Kumar Member
access_time 40 minutes ago

You Might Also Enjoy

Business

What to Look for in Job Candidates

Posted by By TNP Team 5 Min Read Business

How Long Can Creditors Pursue a Debt in California

Posted by By TNP Team 5 Min Read Business

Nike takeover RTFKT to make Virtual Sneakers for Metaverse

Posted by By Michael Turner 2 Min Read Business

Nintendo is shutting its Redwood City and Toronto offices

Posted by By Maria Janulis 2 Min Read Business

Microsoft beats Apple to be the most valuable company in the world

Posted by By Maria Janulis 2 Min Read Business

Meta acquires Within after Facebook touts VR fitness

Posted by By Michael Turner 1 Min Read Load More Our website uses cookies to improve your experience. Learn more about: Cookie Policy Accept Go to mobile version
thumb_up Like (13)
comment Reply (2)
thumb_up 13 likes
comment 2 replies
Z
Zoe Mueller 7 minutes ago
Ireland signs OECD Inclusive Framework Agreement to make international tax laws fairer and end tax a...
E
Evelyn Zhang 40 minutes ago
The country has the European headquarters of many large US pharmaceutical and tech companies includi...

Write a Reply

Similar Discussions