Rishi Sunak’s minimum 15% global corporation tax rate may have failed, but the Kremlin has stuck the boot in (inadvertently)

Original Brexit-Watch.org article

Our Brexit-Watch.org article last week showed how tax-leveraged leasing through Ireland was a major contributor to the BigTech and Biotech companies minimizing their corporation tax payments:https://www.brexit-watch.org/irelands-fear-of-depending-on-foreign-companies-tax-receipts-is-unfounded-for-the-wrong-reasonsWhilst Rishi Sunak’s much-trumpeted minimum 15% global corporation tax rate won’t have any effect at all, the Kremlin has intervened by passing a law that re-registers 500+ aircraft […]

National Insurance rise is the working people’s punishment for the failure of Rishi Sunak’s minimum 15% global corporation tax rate

Brexit-Watch.org article of 14 March 2022

Ireland’s corporation tax receipts continue to rise, thanks to their ‘Celtic Tiger’ business model:

https://www.brexit-watch.org/irelands-fear-of-depending-on-foreign-companies-tax-receipts-is-unfounded-for-the-wrong-reasons

This was already costing the UK £10 billion a year in lost corporation tax in 2016:

The UK’s lost GDP and tax revenues

Ireland’s takings have increased by 386% between 2009 and 2021; that implies at least a doubling of the loss to the UK […]