US President Joe Biden's proposal to enact a global minimum tax of 15 percent has run into opposition from Ireland JIM WATSON AFP
France 24: Biden global tax proposal faces setback after Ireland objects
US President Joe Biden's push to get major economies to agree on a 15 percent minimum tax rate for multinational corporations has hit turbulence after Ireland's finance minister expressed "significant reservations" about the plan.
The objection from Dublin's finance minister Paschal Donohoe on Tuesday carries weight because Ireland hosts an outsized number of technology and pharmaceutical firms that were attracted to the country for its lower tax rate.
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Update: Ireland rejects President Biden's global corporate tax plans and will keep 12.5% rate, finance minister tells Sky News (SKY News)
WNU Editor: Ireland is not the only country objecting to President Biden's global tax proposals .... Europe Balks at Biden’s Tax Plan (WSJ).
