Ireland will need coalition of small states to push back G7 tax plan      

Lorries and other vehicles about to leave the Stena Estrid superferry via its stern ramp shortly after arriving in Rosslare Europort from Cherbourg, France: Picture: Neil Michael

Ireland will need to build some sort of coalition of smaller states to fight off the potential effects to its future prosperity from a G7 plan to overhaul global tax, experts have said.

The Group of Seven of the most powerful western economies, which includes the US, Japan, Germany, France, the UK, Italy, and Canada, struck an agreement on Saturday to push a new way of taxing multinationals that aims to upend a global tax regime that has served Ireland well for over three decades.