This, I think, continues to move faster than most expected.https://t.co/lJ4dEm3xKu via @WSJ
— Jens Nordvig (@jnordvig) October 7, 2021
New from @PaulHannon29 and me: Ireland is joining the global tax deal, in advance of an international meeting Friday. https://t.co/5m85FSjYdX
— Richard Rubin (@RichardRubinDC) October 7, 2021
Ireland, a low-tax country that is the European headquarters to some of the largest U.S. technology companies, said it would join a global agreement to set a minimum rate of 15% for taxing corporate profits https://t.co/hXMu7bObAO
— Anthony DeRosa (@Anthony) October 7, 2021
This big deal is a big deal. A major crackdown on tax avoidance, with havens like Ireland signing on 1/ https://t.co/zZincOkQEE
— Paul Krugman (@paulkrugman) October 8, 2021
Apple must be scouting some pretty sketchy places to stash profits next. The OECD plans to impose a 15% minimum tax rate in more than 130 countries-- ending Ireland's 1-2% effective tax rate for some companies https://t.co/kgtunlhe58
— Michael J. Coren (@MJ_Coren) October 7, 2021
BREAKING: global tax deal is done. https://t.co/YY82XGG2Pw
— Mark Scott (@markscott82) October 8, 2021
Yes - this is a huge win. Governance can work for the public good. H/t everyone on Team Biden who led on this. Now let’s make it law, for our economy and for our democracy. https://t.co/znz2pwfQEH
— Felicia Wong (@FeliciaWongRI) October 8, 2021
12.5% or higher, and I hope this was happening anyway, our economy should have been developed for shocks.
— Woofer (@WooferAnon) October 7, 2021
Apple leaving Ireland would be horrendous. We should do more to keep them here (world class education and housing for workers), but also develop medium indigenous business.
The new tax rate will affect 1,556 companies in Ireland employing 500,000 people, among them US tech giants such as Apple, Google, Amazon and Facebook. Ireland now joins 140 countries in agreeing to the effective levy of 15% on major multinationals.
— Virpi Heikkilä ? (@VirpiHeikkila) October 7, 2021
We welcome Ireland’s support for the OECD’s landmark global agreement. We look forward to working with Ireland and the other global partners in implementing this unprecedented international deal.https://t.co/JRMkOB6cGj
— U.S. Embassy Dublin (@USEmbassyDublin) October 8, 2021
"Ireland, a low-tax country that is European headquarters to some of the largest US technology companies, said it would join a global agreement to set a minimum rate of 15% for taxing corporate profits." Very big deal. How will Puerto Rico maintain 4% rate on CFCs? #muniland https://t.co/4SkmdXelzB
— Cate Long (@cate_long) October 7, 2021
Very significant achievement by @Paschald on behalf of #Ireland - it’s a good result & the right decision. Most importantly it provides as much certainty as possible for the future. As a small country #Ireland continues to shape & influence global decisions that matter! @dfatirl https://t.co/NFQCeb5gIN
— Simon Coveney (@simoncoveney) October 7, 2021
Thoughts & Prayers today for Google Amazon Facebook Apple Intel et al
— ????? ????? ? ⚕ (@realBobbyHealy) October 7, 2021
Ireland's FDI strategy has been misbalanced for decades.
I'm hoping harmonisation of the corporate tax regime in the EU will finally trigger some focus and support for our indigenous tech companies. pic.twitter.com/CdYy3cd0vc
The Government has accepted my recommendation for Ireland to join the agreement at the @OECD on a new framework for taxing multinational companies.
— Paschal Donohoe (@Paschald) October 7, 2021
The deal now provides certainty and strikes the right balance between our tax competitiveness and our broader place in the world https://t.co/gnsHcXg6XO
Significant move from Ireland, to bring corporation tax into line with G7 and G20 - probably helps that UK c-tax will be so much higher soon... https://t.co/haWJZ1NeoK
— Faisal Islam (@faisalislam) October 7, 2021
I hate to think that we were brow-beaten into changing our corporation tax rate.
— Woofer (@WooferAnon) October 7, 2021
I hate to think that this was pressure from other countries acting in their own interest.
It was a deal with the devil but it was our deal, and well-served us, this little rock out in the Atlantic.
Huge and great news! The OECD concluded an agreement on a 15% global minimum tax. I‘m surprised and impressed by how quickly this came together, a big step forward for more efficient and effective tax systems around the world. Now need to pass it here!https://t.co/PImySgxK38
— Jason Furman (@jasonfurman) October 8, 2021
“… #Ireland, a main holdout to the deal, said it was ready to accept a 15% minimum #tax rate after Prime Minister Michael Martin [said] the rate would only apply to multinational giants like @Facebook & @Apple, but not to Irish companies operating in Ireland.”? #OECD #G20 https://t.co/RniLbBsAHt
— Mark Warner (@MAAWLAW) October 8, 2021
It's about to get a lot harder for corporations to dodge taxes...
— Laurie Garrett (@Laurie_Garrett) October 8, 2021
“The landmark deal, agreed by 136 countries...representing more than 90% of global GDP," puts a minimum 15% tax rate on the world's large businesses & corporations.https://t.co/26XYcXjcTx
Today, U.S. multinationals report 60% of profits abroad in just 7 low tax jurisdictions.
— Brian Deese (@BrianDeeseNEC) October 8, 2021
This OECD deal will level the playing field, bring jobs and investment back in the U.S. and improve competitiveness for U.S. businesses. https://t.co/WkrN0CKTFy
Negotiating a global minimum corporate tax rate could already be a massively important legacy for the Biden administration. https://t.co/p9g9OaLul1
— Matthew Chapman (@fawfulfan) October 8, 2021
Outstanding!
— Keith (@KeithH6910) October 8, 2021
World leaders reach landmark deal on a global corporate tax rate https://t.co/4FzEUCGyu2
World leaders reach landmark deal on a global corporate tax rate https://t.co/n2X7Y0nPbD
— CNBC (@CNBC) October 8, 2021
"The plan, if implemented, would force multinationals to pay tax where they operate — not just where they have their headquarters — and would impose a minimum corporate rate of 15%."https://t.co/C48Ras1W9j pic.twitter.com/pV6OHz1D3I
— Uma Página (@UmaPaginaSocial) October 8, 2021
現状の法人税が12.5%で、各国共通の最低法人税率15%に参加することを拒んでいたアイルランドが15%を受け入れると表明。現状9%のハンガリーがまだ承認していないが、実現が近くなっているという話。https://t.co/96PimOzWwf
— 今村咲 (@saki_imamura) October 7, 2021
Lol!
— Quit Robbing Ohio (@OhioQuit) October 8, 2021
Someone isn't paying attention to current events! You'll have to try a different fearmongering tactic to try to keep your taxes disproportionately low! https://t.co/FQeBQqjJfn
fuck it, vote Sinn Féin
— Femboy Brutalism by Zhen ????????? (@ZhenDeRen) October 8, 2021
FF and FG are traitorshttps://t.co/16tVqFWtR9
Global tax deal inches closer as holdout Ireland agrees to sign up https://t.co/NgPJTVcJiM
— CNBC (@CNBC) October 7, 2021
Ireland is expected to adopt a 15% minimum corporate tax rate after several months of negotiations with the Organisation for Economic Co-operation and Development (OECD). https://t.co/axN9YQ1lRj
— Old Holborn® (@Holbornlolz) October 5, 2021
Ireland will still attract foreign direct investment despite tax change – IDA https://t.co/zAj7fel9gM
— The Irish Times (@IrishTimes) October 7, 2021