Now, with 132 governments around the world in agreement on a minimum corporate tax of at least 15% to ensure big business pays its fair share, Ireland is digging in its heels.
“We are not in that agreement,” Finance Minister Paschal Donohoe recently told Irish media.
Political pressure could yet force Ireland’s leaders to relent. Donohoe met with US Treasury Secretary Janet Yellen last week and said talks were productive. Yellen told reporters that Ireland, along with fellow European Union holdouts Hungary and Estonia, “want to find a way to get to yes.”