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Why Ireland Is Taking on Most of the World in Tax Fight: Q&A

July 24, 2021, 4:00 AM

Ireland is battling to keep its 12.5% corporate tax rate, even as most of its traditional allies seek to set a global minimum rate of at least 15%.

This week, Finance Minister Paschal Donohoe opened up for public feedback after opting to join six other countries -- among 139 involved in talks -- holding out against an overhaul of the international tax system. Why is Ireland so wedded to its low-tax status, and what might happen next as negotiators move to finalize the plan?

1. How long has Ireland had a 12.5% rate?

Since 2003. Since then, Ireland has refused ...