Donohoe: Ireland to tap small countries to help shape global tax accord this year   

In the wake of the G7's initiative, the finance minister said Ireland will seek common cause with smaller nations

Finance minister Paschal Donohoe pointed out there are 139 countries at the table 'and any agreement does need to get the agreement of small and large countries, developed and developing'.

Ireland will tap other small countries to influence the outcome of talks for a wide-ranging tax agreement to overhaul the way multinationals pay their taxes, finance minister Paschal Donohoe has said. 

Speaking to reporters, Mr Donohue reiterated the exchequer will likely lose around €2bn a year in corporate tax revenues under the current proposals, but insisted Ireland would nonetheless retain its attractiveness as a destination for foreign investment.