Ireland is changing the taxation of multinationals

Google, Facebook: Ireland is changing the taxation of multinationals

Ireland has decided to raise the taxes of big multinationals, such as Google and Facebook. The tax on multinationals will rise from the current 12.5% ​​to 15% of the European average.

Ireland has so far been the tax haven of large multinational corporations, with Google and Facebook, among others, setting up their tax headquarters to take advantage of the 12.5% ​​tax rate set by Dublin over the past 18 years.

Europe has long pushed for a minimum percentage of its order 15% in 130 countries for the taxation of multinational giants, so that there are no inequalities in the way of taxing high capital. Ireland does not seem to be afraid of the tax increase, as it estimates that the biggest change in this area took place in 2015, under a regime of high pressure from the EU.

The new regulations in Ireland will apply to companies earning more than € 750 million a year worldwide.

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Source: Techblog by techblog.gr.

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