Why Ireland is taking on most of the world in tax fight

The country is holding out against an overhaul of the international tax system

Paschal Donohoe has opened the issue up for public feedback. Picture: Valeria Mongelli/Bloomberg

Ireland is battling to keep its 12.5% corporate tax rate, even as most of its traditional allies seek to set a global minimum rate of at least 15%.

Minister for Finance Minister Paschal Donohoe has opened the issue up for public feedback after opting to join six other countries - among 139 involved in talks - holding out against an overhaul of the international tax system.