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Ireland says final global tax text due on Wednesday, hopes to sign up By Reuters

by Mike Robinson

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DUBLIN, (Reuters) – A final version of a global corporate tax reform is expected to circulate to negotiating nations later Wednesday. Ireland’s foreign minister stated that this was in addition to the Irish government hoping to join.

The latest draft dropped at least “at minimum” the proposed global corporate tax rate (at least 15%), according to sources who were present in the discussion with Reuters. This clears the way for Ireland, which was a key holdout.

I am optimistic that Ireland will support this measure, but we must wait to see the final text. It is expected this evening. Simon Coveney, RTE Radio’s spokesperson for Ireland said that Ireland did not wish to remain isolated in the space. He spoke ahead of Thursday’s cabinet meeting.

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