Skip to content

Ireland Still Sees Minimum Corporate Tax Deal Being Delivered

  • Donohoe sees global progress on OECD deal later in year
  • Finance Minister warns risk of unilateral action if rate fails
Paschal Donohoe

Paschal Donohoe

Photographer: Valeria Mongelli/Bloomberg

Ireland still expects a global deal for a minimum corporate tax rate of 15% to be implemented, despite hurdles in its progress passing through the US Congress.

The OECD tax agreement process is “unfolding exactly as I expected it would,” Ireland’s Finance Minister Paschal Donohoe said in an interview with Bloomberg Television. “I still expect, as we move through this year and as we move into 2023, that we will see the second pillar of that OECD agreement -- in regard to a minimum effective tax rate  -- for that pillar to be delivered,” he said, noting that are always moments of deliberation in moving from agreement to implementation.