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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
"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— 𝘽𝙤𝙗𝙗𝙮 𝙃𝙚𝙖𝙡𝙮 🚁 ⚕ (@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
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
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