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Ireland’s opposition shows global tax plan will be “a bureaucratic nightmare”, says IEA expert
Julian Jessop, Economics fellow at free market think tank the Institute of Economic Affairs, commented on the news that Ireland has rejected President Biden’s global corporation tax plan
“It is no surprise that Ireland is opposed to the imposition of a global minimum tax that would be higher than its own national rate.
“It is also not necessary for every country to agree to the plan, because other countries could levy an additional tax on the profits of multinational companies to ensure they are paying the minimum rate.
“Nonetheless, without the active support of low-tax states, the scheme will be much harder to operate – and even more likely to be a bureaucratic nightmare.”
Notes to editors
Contact: Emily Carver, Head of Media, 07715942731
IEA spokespeople are available for interview and further comment.
