OECD consults on big global tax shake-up that will affect Ireland

Body is seeking to secure widespread support, including that of the incoming administration of Joe Biden

Finance Minister Paschal Donohoe believes that agreement within the OECD will be reached, but that it will take a little longer than some think.
Picture: Leah Farrell / RollingNews.ie

The Organisation for Co-operation and Development (OECD) which is driving potential big changes in the way multinationals are taxed, is hosting an online consultation on its proposed reforms. 

The OECD said "the vast majority" of commentators support its initiatives but acknowledged there were serious concerns about the complexity of the plans and that reaching an accord won't be easy.