Taoiseach confirms 'significant progress' on new corporation tax rate of 15%

Taoiseach Micheál Martin said the Government has won a significant concession by having a reference to the new rate being “at least 15%” removed from the latest draft proposals.

Significant progress has been made on a new global corporation tax deal which would see a 15% minimum rate, Taoiseach Micheál Martin has said.

Mr Martin, in Slovenia at an informal summit of EU leaders, was speaking amid growing expectations that Ireland will formally abandon its 12.5% rate as early as tomorrow.