'Make or break' Cabinet meeting could see Ireland abandon 12.5% corporation tax rate

The Government will be in a position to confirm the Irish position on the OECD process this week, finance minister Paschal Donohoe told reporters in Luxembourg.

'There is a need for further engagement both with the OECD and the Commission', says finance minister Paschal Donohoe. Picture: Valeria Mongelli/Bloomberg

A ‘make or break’ Cabinet meeting on Thursday will examine revised OECD proposals which are likely to see Ireland abandon its 12.5% corporate tax rate.

Cabinet ministers will discuss the matter when they are briefed by finance minister Paschal Donohoe ahead of Friday's meeting of the OECD on the Inclusive Framework.