Dáil debates

Tuesday, 9 November 2021

Ceisteanna Eile - Other Questions

Tax Code

9:10 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Growing public outrage and international pressure has finally forced some moves towards having a minimum effective corporate tax rate to deal with the phenomenon of aggressive tax avoidance by some of the wealthiest corporations in the world. Although the Government resisted quite hotly, it has now agreed to an effective rate of 15%. Will it actually be an effective rate, because the 12.5% was not effective, and these companies utilise loopholes in the tax code to avoid paying their fair share of tax?

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