A new OECD report has again put Ireland’s tax regime under the spotlight highlighting the large amounts in corporation tax US multinationals pay the Irish exchequer.

Opening up the economy from the health restrictions designed to fight the Covid-19 pandemic will require governments to sanction widespread testing and digital tracing, the Organisation for Cooperation and Development (OECD) has said.

The economist who covers Ireland for the Organisation for Cooperation and Development said the Government will need to plan for further economic costs should restrictions need to be re-imposed if the Covid-19 pandemic were to flare up again later this year.