Michael Lohan believes Washington’s pivot on tax will prompt revision of OECD process but won’t damage FDI investment in Ireland
Michael Lohan believes Washington’s pivot on tax will prompt revision of OECD process but won’t damage overseas investment in Ireland
Given the size and importance of the US economy, the move effectively scuppers the deal which was brokered by the OECD and signed up to by more than 140 countries including the US. However, the US Congress never approved the measure. Trump’s treasury nominee Scott Bessent said last week that following through with the global minimum tax deal would be a “grave mistake”.
He noted that Ireland secured 234 “investment wins” last year and that FDI companies now employed a record 302,566 people in the Republic.
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