Donohoe: 15% corporate tax rate 'pretty likely' next year

Finance Minister Paschal Donohoe: The new tax rate will probably reduce Ireland’s annual corporate tax receipts by around €2bn, with that accruing “over a number of years”.

Finance Minister Paschal Donohoe has said he fully expects the OECD’s agreed 15% global corporate tax rate for large multinational companies to come into being, as targeted, by next year, with the chances of it happening by then becoming clearer by May.

However, he has reiterated his view that the move will not damage Ireland’s attractiveness to foreign multinationals looking to invest and locate overseas.