Raising corporation tax to 15% will cost Ireland €2bn annually, says Varadkar
Tanaiste Leo Varadkar said agreeing to a new international rate would ensure that no other countries could undercut us.
Increasing corporation tax to 15% will result in an estimated €2bn loss in revenue each year, the Tánaiste has told the Dáil.
The Cabinet is expected to sign off on an OECD agreement that would see Ireland's 12.5% corporation tax rate increase to 15% for large multinational companies.
