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> only apply the new 15 per cent rate to companies with turnovers of more than €750 million So what stops a big corp from splitting itself into subsidiaries wi
by klipt 5y ago
> only apply the new 15 per cent rate to companies with turnovers of more than €750 million
So what stops a big corp from splitting itself into subsidiaries with turnover below that magic number?
- ashconnor 5y agoPretty sure it's global revenues. That's the point of a global tax no? Edit: > There are two pillars to this agreement. Pillar 1 will see a reallocation of a proportion of profits to the jurisdiction of the consumer. Pillar 2 will see the adoption of a new global minimum effective tax rate applying to multinationals with global revenues in excess of €750m https://www.gov.ie/en/press-release/59812-ireland-joins-oecd-international-tax-agreement/ https://www.gov.ie/en/press-release/59812-ireland-joins-oecd...