Janet Yellen: No cajoling Ireland over global tax overhaul

The US Treasury Secretary's visit to Ireland comes after the Government last month signed up to an agreement to increase the tax on multinationals and large companies to 15% - up from the existing headline rate of 12.5% under Ireland’s long-standing regime

US Secretary of the Treasury, Janet Yellen. Picture: AP Photo/Alessandra Tarantino

US Treasury Secretary Janet Yellen said she had productive talks but had not cajoled Ireland to sign up last month to the accord for a global corporate minimum tax rate.

Speaking in Dublin, Secretary Yellen said that no country was a winner from the "so-called race to the bottom" and multinationals would now pay their fair share to governments around the world.