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US makes new offer on setting global minimum corporate tax rate at 15%

Offer could pave way for shake-up of taxation of multinationals with big implications for Ireland

The US has made a new offer that a global minimum corporate tax rate could be set at 15 per cent in an effort to get agreement at talks underway at the OECD.

  • Cliff Taylor
  • The Irish Times

The offer, confirmed in a statement from the US Treasury Department, could pave the way for an outline agreement by July on a major shake-up of the taxation of big multinationals, with major implications for Ireland.

A global minimum tax is one of the key areas where agreement is being sought at the OECD among more than 130 countries who are trying to hammer out a new way of taxing multinationals…

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