Global Tax Overhaul Will Not Slow Google’s Investment in Ireland, CEO Says

[claireokc]

DUBLIN—A global tax deal will make “no difference” to Alphabet Google’s operations in Ireland as the company remains committed to investing and adding staff to its European hub there, Chief Executive Sundar Pichai said on Thursday. Last year 136 countries agreed the first major overhaul in a generation of the rules for taxing multinationals, with measures to be introduced including a minimum tax rate of 15 percent, intended to discourage companies from booking profits in low tax countries. The Irish government dropped its opposition on the eve of the deal, having for decades relied on a low rate of 12.5 percent to help convince global giants like Google to make Ireland their European hub and become some of the country’s largest employers. ...

Source: https://www.theepochtimes.com/global-ta ... 33228.html