Ireland rebels against Biden tax deal in blow to US

US ireland tax biden rebels
Middle East
  • Date: 02-Jul-2021
  • Source: Yahoo News
  • Sector: Economy
  • Country: Middle East
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Ireland rebels against Biden tax deal in blow to US

Ireland has joined a rebellion against Joe Biden's global deal on corporation tax as it seeks to maintain the low rate that has made it an EU haven for tech giants.

The country is among nine others which have rejected the deal, with Ireland's finance minister saying it was not in a position to join the agreement due to proposals for a global minimum tax rate of at least 15pc which have been championed by the US.

Ireland's refusal to back the shake-up will be viewed as a snub to Biden who has stressed his fondness for Ireland and highlighted familial ties to the Republic.

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