Why Ireland could scupper a global tax plan

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  • Sky News published this video item, entitled “Why Ireland could scupper a global tax plan” – below is their description.

    Sky News has learned that the Treasury supports President Biden’s radical plans for a minimum tax rate, as long as it’s introduced alongside other corporate tax reforms.

     

    But Ireland still remains staunchly opposed to increasing its low 12.5% corporate tax rate, which could scupper any global agreement.

     

    Our Economics and Data Editor, Ed Conway spoke exclusively to the Irish Finance Minister, and has this report.

     

     

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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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