Estonia also agrees to sign OECD tax deal

Similar to Ireland, Estonia has held out on the OECD’s deal until yesterday (7 October). And similar to Ireland, it’s concerns were over the so-called Pillar II of the OECD’s deal, which sets the tax rate at 15% for companies earning €750 million or more in revenues.

Since companies are allowed certain carve-outs which would bring down the tax rates, Estonia wants its companies to be allowed extra time to pay, rather than obliging them to pay the difference in taxes in their home countries immediately.