OECD tax reforms expected to reduce State revenue, Taoiseach warns via IrishTimesBiz
EU countries agreed to write the minimum rate into national law by the end of 2023, according to the statement.
“It’s the Pillar Two side probably would have more impacts on Ireland, revenue wise, maybe then Pillar One.” An announcement earlier this week that a deal had been reached on the 15 per cent minimum rate was thrown into doubt after Poland expressed last-minute concerns, and pushed for the implementation of the two pillars of the reform to be linked together because there are still doubts about whether Pillar One can pass Congress in the United States.
Mr Martin acknowledged that European industry was at a “competitive disadvantage” due to high energy costs.
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