OECD global tax deal drops ‘at least’ from new minimum rate
DUBLIN (Reuters).- The revised draft of Organisation for Economic Co-operation and Development’s overhaul of corporate tax rules worldwide has removed “at minimum” from a suggested minimum rate “at least 15%”, Irish broadcaster RTE stated on Tuesday.
Ireland was one of the few remaining countries to not sign up for the deal. It had resisted the proposal rate and the phrase “at most”, saying that it would weaken the company’s long-standing 12.5% rate.
In the days leading up to Friday’s OECD meeting, a revised draft agreement was sent to all negotiating countries.
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