Ireland Says Not in a Position to Join Global Tax Agreement (1)

Ireland said it “is not in a position” to join the consensus on a global corporate tax agreement, given reservations about the proposal for a global minimum rate of at least 15%.

Earlier: Global Tax Overhaul Endorsed by 130 Nations as Deal Gets Closer

The country, which has a corporate tax rate of 12.5%, “fully supported” a separate proposal to re-allocate a proportion of tax to the market jurisdiction, the government said in a statement.

“I was not in a position to join the consensus on the agreement and specifically a global minimum effective tax rate of ‘at least ...