Ireland moves step closer to ditching 12.5% corporate tax rate

The Irish Examiner understands that a reference in the OECD document to a new global rate of “at least” 15% has been excised in the latest version of the plan presented to Finance Minister Paschal Donohoe on Monday. Photo: Valeria Mongelli/Bloomberg

The greatest barrier to Ireland abandoning its 12.5% corporate tax rate has been removed from the latest draft plan handed to Government.

The Irish Examiner understands that a reference in the OECD document to a new global rate of “at least” 15% has been excised in the latest version of the plan presented to Finance Minister Paschal Donohoe on Monday.