Tuesday

6th Jun 2023

Ticker

10% of Irish workforce employed by multinationals

Ireland said on Monday the number of people employed by multinational companies there has increased by 10 percent compared to pre-pandemic levels, accounting for some 275,000 employees in 2021, Reuters reported. This means that 10 percent of Ireland workforce is employed by multinationals, especially those in Big Tech and pharmaceuticals. Ireland has agreed to increase its minimum corporate tax rate from 12.5 percent to 15 percent.

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Analysis

Final steps for EU's due diligence on supply chains law

Final negotiations on the EU due diligence law begin this week. But will this law make companies embed due diligence requirements in their internal processes or incentive them to outsource their obligations to third parties?

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