The taxes paid by Apple, Google, Microsoft, Amazon, etc. in Ireland of 12.5% it does not seem that they will increase anytime soon. The meeting of the G7 nations and the European Union reached an agreement a few weeks ago in which in principle all member countries would impose a minimum corporate tax of 15% but Ireland had previously expressed concern about this change in taxes. and now he repeats his discomfort with this situation since he believes that the rate should be “negotiable” on a case-by-case basis.
This controversy has been on the table for a long time and it seems that Ireland continues to insist that each country must impose its taxes according to its decisions, something that does not seem to please the rest of the European Union or the G7 too much.
The United States proposed a minimum corporate tax rate of 21% for companies, but failed to close the deal. Instead, the G7 nations agreed to a 15% rate (the US, the UK, France, Germany, Canada, Italy and Japan) and the European Union, which seems to have ended up curdling. Ireland is a member of the EU, so if this increase takes place it would be obliged and would have to increase its taxes several points up to the current 12.5% to 15%.
Ireland fears a flight of companies in the event that taxes are equal to the rest of the EU countries, right now it is the European home of technological giants such as Apple, Google, Amazon and Microsoft among others, and although its political leaders have already announced that They would work to equalize the conditions in their taxes, they continue to work to prevent these multinational companies from leaving the territory. We will see if they finally yield or not and above all what happens if they end up implementing the same rate than in other countries of the old continent.