Contributing Firms:
In This Month's Issue
Biden’s bid - a tectonic shift in a glacial process?
It may be risking exaggeration to speak of President Biden’s proposed corporation tax strategy as a tectonic shift in a process - global tax reform - that normally, and understandably is often described as advancing at a glacial pace. However, the strategic change in both attitude to corporation taxation by the leader of the free world, and signs that similar shifts may be occurring in other major countries, notably the UK, all point to the likelihood that, as the Chinese curse has it, that we may be living in ‘interesting times’. But, in any case, there should still be little to fear for a jurisdiction, like Ireland, that has benefited from a clear long term national tax strategy of its own - based on a commitment not to unfairly engage in the erosion of other countries’ rightful tax bases, and a desire to ‘play fair, and play to win’.