Eamon Quinn: Why Ireland conceding over corporate tax rate is a significant event

Tax experts say that that Ireland over the summer has secured the best from a poor hand. 

Minister for Finance Paschal Donohoe Minister for Finance Paschal Donohoe speaking to reporters, at Government Buildings

The battle for Ireland to keep the 12.5% rate for multinationals is officially over but the war to retain the low corporate regime to attract multinationals will only intensify in the coming months. 

Finance Minister Paschal Donohoe has declared something of victory in his summer campaign but experts say the significance of Ireland conceding changes to the tax regime is a significant event.