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Drew Hodge
Global News
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Comments by "Drew Hodge" (@drewhodge3820) on "G7 finance ministers reach historic corporate tax deal on tech giants" video.
That's the Republic of Ireland screwed. Now the Republic of Ireland will loose it's tax haven status.
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@MCHD4 The EU is a member of the G7. Yes the Republic of Ireland has a right to say No to the 15% to 21% tax rate but those big American Tech firms will then be taxed any shortfall inside the USA instead. So the ROI still looses it's Tax Haven status inside the EU. The reality is the ROI is doomed if they do and doomed if they dont raise the tax rate. By 2025 (probably a lot sooner due to the cost of Covid) it will be a done deal. The EU will punish the ROI if they dont raise taxes. There is no escaping this rise. You can guarantee any country outside the G7 that doesn't raise tax will have tariffs/taxes put on their exports by the G7. This is the very excuse the EU has been looking for, to force the ROI to raise the tax rate.
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