Donohoe warns of 20% hit to Ireland's multinational tax income 

Finance Minister Paschal Donohoe said any changes to international corporate tax rules could slash Ireland’s €12bn multinational tax take by as much as 20%

Finance Minister Paschal Donohoe has warned any OECD agreement may usher in a harmonised corporate tax rate. He said global reforms could cut Ireland's annual tax income.

Finance Minister Paschal Donohoe has warned that any changes to international corporate tax rules could slash Ireland’s €12bn multinational tax take by as much as 20%.

OECD members are negotiating corporate tax reforms to better police multinationals. The US has tried to move the talks along by offering a minimum 15% global corporate tax rate. This has been welcomed by France and Germany.