Ireland pushes for 'compromise' on minimum global corporate tax

In the wake of G7 countries agreeing on a global minimum tax rate to stop major organizations like Apple from moving cash across borders to minimize tax payments, Ireland is apparently seeking a 'compromise' on the plan.On June 5, finance ministers from the G7 group of nations agreed to shut down tax loopholes and to try and cut down efforts by multinationals to reduce their tax payments, by pledging to a minimum global corporation tax rate of 15%. The group also agreed to introduce measures to ensure taxes are appropriately paid in countries where the firms operate.In an interview with CNBC on Friday, Irish Finance Minister Paschal Donohoe hinted the country will push back against the plan, which is now being discussed at the OECD level, and soon by G20 leaders. Read more...