The US decision to pull out of a key international dialogue on corporate taxation poses an important renewed challenge to Ireland. Ireland had been accused – a claim it denies – of being a tax haven. These are still being blocked by Dublin and two or three other states in the name of national tax sovereignty. The US is ready to apply sanctions to those who levy such taxes and has opened trade investigations into digital taxes in Britain, Italy and Spain. Ireland’s veto remains in place, however, and renewed pressure to abandon its position is inevitable.

Source: The Irish Times June 22, 2020 18:56 UTC