Change is inevitable, but the new corporate tax plan could be less damaging for Ireland

The ink had hardly dried on Paschal Donohoe’s budget papers warning about the sustainability of Irish corporation tax when the OECD launched its latest plan to change the way multinationals organise their tax affairs. The Minister for Finance’s concerns are real, and not just because of Ireland’s unusually high reliance on corporation tax receipts.

The contribution of the Irish corporate sector to the Irish economy is more than just corporation tax. It is ...