Ireland to lose out in shake-up of taxing digital multinationals  

A minimum level of corporation tax could release an additional $100bn (€85bn) in revenues for governments around the world

plans have long been seen as a threat to the amounts the Irish exchequer collects in corporation tax from multinationals. Picture: iStock

Ireland will be among a handful of European countries to lose out in plans to shake up the way multinationals are taxed around the world, according to a key report from the Organisation for Economic  Co-operation and Development (OECD). 

The 280-page report is the latest by the OECD prepared for the G20 group of the world’s most powerful economies on ways for countries to tax multinationals.