Irish tech sector weighs up implications of global tax plan

Dublin: The day after Ireland backed plans for a minimum global corporation tax of 15 percent, tech firms lured to the Republic by its historically low levy are waking up to the possibility that their situation might now change radically.

“Ireland has long sold stability and certainty of its regime as being an attractive feature for foreign investments,” economics lecturer Seamus Coffey, from University College Cork, told AFP.

“I don’t think such stability and certainty can be considered to be as reliable now.”