Ireland blocks President Biden’s global tax plans

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  • Sky News published this video item, entitled “Ireland blocks President Biden’s global tax plans” – below is their description.

    US President Biden’s radical plan for a global minimum corporation tax faces a significant road block: Ireland says its low tax rate is going nowhere.

    Sky’s Data and Economics Editor Ed Conway speaks exclusively to the Irish Minister for Finance, Paschal Donohoe about his opposition to President Biden’s plans, the ongoing issues with the Northern Ireland Protocol and when he hopes border restrictions between the UK, Ireland, and the rest of Europe will lift.

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    In This Story: Ireland

    Ireland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George’s Channel.

    Geopolitically, Ireland is divided between the Republic of Ireland (officially named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. As of 2016, 4.8 million people live in the Republic of Ireland, and 1.8 million live in Northern Ireland.

    The Irish climate is influenced by the Atlantic Ocean and thus very moderate, and winters are milder than expected for such a northerly area, although summers are cooler than those in continental Europe. Rainfall and cloud cover are abundant.

    A strong Irish culture exists, as expressed through Gaelic games, Irish music and the Irish language. The island’s culture shares many features with that of Great Britain, including the English language, and sports such as association football, rugby, horse racing, and golf.

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