DUBLIN—Ireland dropped its opposition to an overhaul of global corporate tax rules on Thursday, agreeing to give up its prized 12.5 percent tax for large multinationals in a major boost to efforts to impose a minimum rate worldwide.
Ireland, the low-tax European headquarters for blue chip companies including Apple, Google, and Facebook, declined to sign up to the initial deal in July, objecting to a proposed rate of “at least” 15 percent.
