Irish Taoiseach Micheál Martin said during the weekend that the country would “resist” the proposals of Von Der Leyen. Making a new tax in addition to the strict EU regulations on Big Tech would be to “put fuel on (the) fire,” he said.
Ireland is one of the European countries most exposed to a trade war with the United States because it welcomes subsidiaries of American digital giants and also exported more than 44 billion euros in pharmaceutical products in America in 2024.
“Ireland has a tax base of extremely concentrated companies, which depends strongly on American multinationals in particular,” said Aidan Rejea, professor of political economy at the University College Dublin, in an interview.
Ten companies represent 60% of revenue from Irish companies tax and around 30% of its total tax revenues come from the corporate sector, according to Regan. “Regarding how the EU reacts to all of this, Ireland is also quite pressed,” he said.
4. The promise of a global tax agreement
In recent days, the United States has told the organization of economic cooperation and development that it wishes to reopen discussions on a global tax agreement.
Washington has never signed up for the part of the agreement to ensure that large technological groups and multinationals pay more tax in countries where their customers are based, which means that the agreement section has not yet been agreed.
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