The French president visited Ireland on his first visit to the country earlier this week.Discussions focused on Dublins refusal to sign up to a global 15 percent corporation tax rate.<\/p>\n
This is being recommended by the Organisation for Economic Co-operation and Development as the core of a major new tax treaty.<\/p>\n
Irelands ultra-low corporation tax rate, of 12.5 percent, has attracted many multi-national giants to base their headquarters in the country.<\/p>\n
France, which has a 30 percent corporation tax rate, is a big supporter of the new treaty.<\/p>\n
Paris fears the low corporation tax rate in Ireland is luring away American investment.<\/p>\n
According to German publication Technik, Mr Macron planned to court the Irish by pointing out the hard-line he took on Britain during Brexit negotiations.<\/p>\n
EU leaders refused to accept any hard border between Northern Ireland and the Republic.<\/p>\n
Instead there is now a trade border down the Irish Sea, separating Northern Ireland from Great Britain.<\/p>\n
This has infuriated unionists in the province, who argue it undermines British sovereignty.<\/p>\n
READ MORE:'F*** Trudeau!' Canadian PM's rally cancelled after furious crowd humiliates leader<\/p>\n
Taoiseach [Irish prime minister] and the Treasury Department have signalled to us that they are ready to work on this and look into the details of the deal.<\/p>\n
Overall, there is talk of taxation in Irish business circles.<\/p>\n
However, speaking to Politico, an Irish government source said the country would continue defending its 12.5 percent tax rate.<\/p>\n
They added: We cannot prevent other jurisdictions from levying additional corporate taxes on profits above the Irish state rate of 12.5 percent.<\/p>\n
During his visit Mr Macron also toured Trinity College Dublin, the Guinness Foundation and met Irish president Michael Higgins.<\/p>\n
In July G20 finance ministers approved a plan to create a minimum global corporation tax of 15 percent.<\/p>\n
It has since been backed by more than 130 countries, including the UK.<\/p>\n
French finance minister Bruno Le Maire described the move as a victory.<\/p>\n
He added: We are putting an end to tax optimisation and the digital giants will finally pay their fair share of tax. This is the biggest tax revolution in a century.<\/p>\n
US treasury secretary Janet Yellen commented: The world is ready to end the global race to the bottom on corporate taxation.<\/p>\n
The world should now move quickly to finalise the deal.<\/p>\n
Additional reporting by Monika Pallenberg.<\/p>\n
<\/p>\n
Continued here:<\/p>\n
Emmanuel Macron accused of using 'Brexit hatred' to twist Ireland's arm in tax dispute - Daily Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The French president visited Ireland on his first visit to the country earlier this week.Discussions focused on Dublins refusal to sign up to a global 15 percent corporation tax rate. This is being recommended by the Organisation for Economic Co-operation and Development as the core of a major new tax treaty Continue reading