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DUBLIN — Ireland will likely sign up to an overhaul of global corporate tax rules if certainty is brought to bear on its concerns when an updated text of the OECD’s proposals is published shortly, Finance Minister Paschal Donohoe said on Thursday.
Low tax Ireland has so far declined to back the Organisation for Economic Co-operation and Development agreement struck by over 130 of 139 negotiating countries in July, primarily over the proposed minimum rate of “at least” 15%.
“If certainty and stability can be brought to bear, I believe we’ll make the case for Ireland entering the agreement. If not, we’ll stay where we are,” Donohoe told national broadcaster RTE, saying the government would make its view clear on the updated text at or before an Oct. 8 OECD meeting. (Reporting by Padraic Halpin’ Editing by Alison Williams)
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