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Global Tax Talks Race Against Clock as Irish Shift Wins Applause

  • Decision follows cabinet meeting on Thursday in Dublin
  • OECD-led talks resume on Friday on deal that could yet unravel
Paschal Donohoe speaks in Dublin, on Oct. 7.

Paschal Donohoe speaks in Dublin, on Oct. 7.

Source: AFP/Getty Images

Global talks to reshape the corporate tax landscape are set to resume on Friday after Ireland’s decision to adhere to the world consensus on a minimum rate removed one hurdle to an agreement that still hangs in the balance.

The Irish shift is one of several needed from among the 140 countries negotiating a wide-ranging deal in talks hosted by the Organization for Economic Cooperation and Development.