![]() Ireland on Thursday announced that it signed on to an Organization for Economic Cooperation and Development agreement that brings an end to the country's low-tax policy, an incentive that lured multinational companies like Apple and Google to set up headquarters on its shores.By joining the OECD agreement, Ireland is ditching its longstanding 12.5% tax rate to comply with a minimum effective corporation rate of 15% for multinationals with global revenues that exceed 750 million euros (about $867 million) annually. ![]() Ireland joins OECD tax agreement, ends status as tax haven for multinationals
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