Summarize and humanize this content to 2000 words in 6 paragraphs in English
Irish Taoiseach Micheál Martin said over the weekend that the country would “resist” von der Leyen’s proposals. Putting a new tax on top of strict EU regulation on Big Tech would be “putting petrol on [the] fire,” he said.
Ireland is among the European countries most exposed to a trade war with the U.S. because it hosts subsidiaries of U.S. digital giants and also exported over €44 billion worth of pharma products to America in 2024.
“Ireland has an extremely concentrated corporate tax base, which is heavily reliant on U.S. multinationals in particular,” said Aidan Regan, a professor of political economy at University College Dublin, in an interview.
Ten firms account for 60 percent of Ireland’s corporate tax revenue and around 30 percent of its total tax revenue now comes from the corporate sector, according to Regan. “In terms of how the EU responds to all of this, Ireland is also quite squeezed,” he said.
4. The promise of a global tax deal
The U.S. has in recent days signaled to the Organization for Economic Cooperation and Development that it wants to reopen discussions on a global tax deal.
Washington never signed up to the part of the agreement aimed at making Big Tech groups and multinationals pay more tax in the countries where their customers are based, meaning that section of the deal has not yet been agreed.
pl_facebook_pixel_args = [];
pl_facebook_pixel_args.userAgent = navigator.userAgent;
pl_facebook_pixel_args.language = navigator.language;
if ( document.referrer.indexOf( document.domain ) < 0 ) { pl_facebook_pixel_args.referrer = document.referrer; } !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq( 'consent', 'revoke' ); fbq( 'init', "394368290733607" ); fbq( 'track', 'PageView', pl_facebook_pixel_args ); if ( typeof window.__tcfapi !== 'undefined' ) { window.__tcfapi( 'addEventListener', 2, function( tcData, listenerSuccess ) { if ( listenerSuccess ) { if ( tcData.eventStatus === 'useractioncomplete' || tcData.eventStatus === 'tcloaded' ) { __tcfapi( 'getCustomVendorConsents', 2, function( vendorConsents, success ) { if ( ! vendorConsents.hasOwnProperty( 'consentedPurposes' ) ) { return; } const consents = vendorConsents.consentedPurposes.filter( function( vendorConsents ) { return 'Create profiles for personalised advertising' === vendorConsents.name; } ); if ( consents.length === 1 ) { fbq( 'consent', 'grant' ); } } ); } } }); }
