Rewarding tax havens? Why Ireland may cash in on OECD reforms
Stretched out along Dublin’s river Liffey is an expanse of glass office buildings. Sometimes referred to as the ‘Silicon Docklands’, the nickname points to the neighbourhood’s status as a corporate magnet. Major firms - famously Big Tech - have long flocked to Ireland, enticed by the country’s low level of corporation tax. Since 1997, the official rate has been held at 12.5%, although this changed in January with the arrival of a long-awaited reform. Along with around 140 other nations, Ireland introduced a 15% minimum tax rate on the profits of multinationals, a policy spearheaded by the Orga...