Still on tax, finance ministers from the main industrialised countries are set to discuss a deal on the reform of the global corporate tax system this weekend. Cliff Taylor writes that the ministers look certain to signal support for a deal that could see a global minimum corporate tax rate of 15 per cent, above the Republic’s 12.5 per cent rate. John FitzGerald uses his weekly economics column to reflect on the Government’s move this week to reform the property tax system. He notes that a progressive property tax is a very effective tax on the wealthiest and suggests that it might be desirable to change the base to exclude mortgage debt. He also argues that more of the responsibility for local services, which will be tied to property tax revenues, should be devolved to local authorities.

Source: The Irish Times June 04, 2021 05:26 UTC