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Ireland ends 12.5% tax rate in OECD global pact

Ireland ends 12.5% tax rate in OECD global pact

IrelandIreland ends 12.5% tax rate in OECD global pactLow-tax policy of past 18 years had attracted multinationals such as Google and Facebook to Dublin What does the Irish tax deal mean for multinationals? Lisa O’Carroll in Dublin@ …

Global deal on 15% minimum tax rate for multinationals edges closer

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Global deal on 15% minimum tax rate for multinationals edges closer

Global economyGlobal deal on 15% minimum tax rate for multinationals edges closerAlmost 140 countries understood to be in final OECD talks on measures to stop firms moving profits to tax havens Richard Partington and Lisa O’CarrollTue 5 Oct 2021 10.58 EDTLast modified on Tue 5 Oct 2021 12.17 EDTAlmost 140 countries are edging closer to a global deal on the taxation of multinationals, with agreement on a minimum 15% rate of corporation tax set to be announced as part of a landmark statement at the OECD in Paris on Friday.Governments representing more than 90% of the world economy are understood to be in the final stages of talks on a global minimum rate and other measures designed to stop multinationals shifting profits into tax havens.It is understood the accord will update several key details from an outline statement signed by 130 countries in July. Sources indicated a 15% rate was likely to be settled upon as part of the OECD’s Inclusive Framework tax negotiating forum, in a move backing down from an earlier agreement for a minimum of “at least 15%”.In a sprint to agree further details after almost a decade of negotiations, the push to issue a statement comes before a key meeting between G20 finance ministers taking place in Washington next week.Ireland, one of nine countries that declined to sign the OECD headline agreement in July, is expected to sign the landmark deal on Friday.The French economy minister, Bruno …

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Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful

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Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful

Pandora papersWorld newsPandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful Millions of documents reveal offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officialsG …

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