France's Macron pushes global tax deal on visit to Ireland

French President Emmanuel Macron has held talks with top Irish officials in Dublin, focusing on a major overhaul of taxes on the world’s biggest multinational companies

Via AP news wire
Thursday 26 August 2021 19:09
APTOPIX Ireland France
APTOPIX Ireland France

French President Emmanuel Macron held talks with top Irish officials in Dublin Thursday, focusing on a major overhaul of taxes on the world’s biggest multinational companies.

During the one-day state visit — his first to Ireland — Macron met with President Michael Higgins and Taoiseach Michael Martin

Ireland is not among the approximately 130 countries that backed an Organization for Economic Cooperation and Development (OECD) deal which would see minimum corporation tax set at 15% worldwide. Ireland's rate is currently 12.5%.

The proposal, supported by all Group of Seven nations, seeks to deter complex avoidance schemes that have cost governments billions in revenue.

Macron said while he believed a common framework “made sense” for a post-COVID-19 world, it was not for France to “put pressure” on Dublin to sign up to the agreement.

Martin said “significant challenges” remained before his government could accept the deal, but maintained that Ireland was “engaging constructively” in the discussions.

The taoiseach hailed France as Ireland’s “now nearest neighbor within the European Union,” following the U.K.’s departure from the trading bloc.

The leaders’ joint news conference was delayed following reports of the explosion at Kabul’s airport amid the evacuation operation by the United States and NATO following the Taliban takeover.

The French president said the security situation at the airport had “seriously deteriorated,” but work to move out foreign nationals and eligible Afghans would continue for as long as possible towards August 31, when U.S. forces complete their withdrawal from the country.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in