Donohoe: Corporation tax take to drop by half a billion annually for three to four years 

Projected hit to tax income due to a shift in global tax policy

Finance Minister Paschal Donohoe speaking to the media following the publication of the taxation report. Picture:Gareth Chaney/Collins

Ireland's corporation tax intake will drop by half a billion a year for the coming three or four years, the finance minister has said.

Speaking as he published the Government's annual taxation report, Paschal Donohoe said the projected hit to Ireland's tax income is due to a shift in global tax policy.