Irish Revenue Loss From OECD Tax Deal Uncertain, Government Says

The global tax deal’s fiscal impact on Ireland could be much higher or lower than the government’s previous estimate of a 2 billion-euro loss, depending on the plan’s final details, the Irish Department of Finance said.

“It should be stressed that significant uncertainty remains about how the revised rate of corporation tax and rules for the reallocation of certain corporate profits will interact; the actual effect could be far greater or, indeed, less severe, than this technical assumption,” department officials said in a report released Friday.

• Last year, nearly 140 countries joined an agreement to create a 15% global ...