ESRI: Irish fallout from 15% global tax rate may be less severe than expected

The Government is expected to say it will join the group of over 130 countries that have signed up to the tax initiative

The Department of Finance has long said that the overhaul led by the Group of Seven richest nations, and co-ordinated by the OECD, would cost the exchequer €2bn in revenues it would have otherwise generated. Picture: Pexels

The fallout from the global tax overhaul may be less severe than some commentators believe, the Economic and Social Research Institute (ESRI) has said.

The assessment comes as the Government as early as later today will likely acknowledge it will join the group of over 130 countries that have signed up to the tax initiative to impose a global taxation rate of 15% on large multinationals.