Donohoe Sees Summer Update On Irish Impact of OECD Tax Plan

Updated estimates of the OECD global tax agreement’s impact on Ireland should be coming this summer, Irish Finance Minister Paschal Donohoe said Friday.

In a letter to the Irish Fiscal Advisory Council, Donohoe said there remain “numerous issues to be addressed and negotiated” concerning the agreement, and that his officials were continuing to work on the matter.

• Donohoe has said in the past that he expects Ireland’s corporate tax revenue to decline in 2023 when the OECD agreement is slated to take effect.
• An IFAC report in December had suggested that the 15% minimum tax the OECD agreement calls for ...