Global tax reform risk to Ireland remains 'distant', ratings agency says

Consensus around reforms will be 'difficult to achieve and implement'

G7 leaders agreed a 15% global minimum corporate tax rate last month, which has since been tentatively agreed by OECD members.

The threat to Ireland from new global corporate tax reform proposals is “distant”, but could, in a worst-case scenario, result in the exit of some multinationals from the country, one credit ratings agency has said.

“Changes to the international corporate tax landscape will most likely reduce Ireland’s corporate tax base. The Government already expects this,” said DBRS Morningstar’s Jason Graffam.