Ireland commits to global minimum corporation tax of 15%Apple runs most of its European operation out of Ireland...
What you need to know
Ireland is joining the OECD's International Tax agreement.
It will mean a minimum rate of 15% for corporation tax for big companies.
That will impact Apple's operation in the country.
Ireland has this week committed to joining the OECD's International Tax agreement, increasing the amount of tax Apple will pay in the country.
In a press release this week the Irish Government stated:
The Minister for Finance, Paschal Donohoe, has today (Thursday) received Government approval to join an international agreement to reform the international tax rules to address the challenges arising from the digitalisation of the global economy.
There are two pillars to this agreement. Pillar 1 will see a reallocation of a proportion of profits to the jurisdiction of the consumer. Pillar 2 will see the adoption of a new global minimum effective tax rate applying to multinationals with global revenues in exce...
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Ireland commits to global minimum corporation tax of 15%
