Ireland Drops Opposition to EU Corporate Tax Rate Plan for Tech Companies

A global agreement to set a minimum 15% corporate tax rate cleared its last major hurdle after Ireland, a low-tax country that is the European headquarters for some of the largest U.S. tech companies, said it would join the overhaul effort. The change in Irish policy comes ahead of a meeting of 140 governments and jurisdictions that have for years been negotiating a way of taxing international companies to limit avoidance and divide tax revenue in a way they say is fairer.