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John Simpson

What OECD tax plans mean for Northern Ireland

John Simpson


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Change: Chancellor Rishi Sunak will be following the situation closely

Change: Chancellor Rishi Sunak will be following the situation closely

Change: Chancellor Rishi Sunak will be following the situation closely

Competition between development agencies to attract foreign direct investment (FDI) is a longstanding feature with particular interest for regions of the UK and for Ireland.

Ireland has enjoyed continuing successful results partly aided by a 12.5% corporate tax rate.

Both the OECD and the EU have been developing policies aimed at removing tax arrangements that benefit multinational companies which, under existing international tax rules, shift the reporting of profits to low tax countries including Ireland and offshore places such as islands in the West Indies.


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