Paschal Donohoe said that he had “significant reservations” over plans floated by the US president to encourage countries around the world to adopt minimum rates of corporate tax in order to prevent companies from shifting their profits and avoiding payments in future.
He predicted that Ireland will maintain its 12.5% corporate tax rate for many years to come.
In an exclusive interview with Sky News, Mr Donohoe said: “We do have really significant reservations regarding a global minimum effective tax rate status at such a level that it means only certain countries, and certain size economies can benefit from that base – we have a really significant concern about that.”
