Ireland’s finance minister, Paschal Donohoe, told CNBC on Friday that the nation is looking to reach a compromise over global taxation that recognizes “the role of legitimate tax competition.” His statement follows the G7 finance ministers’ agreement this month to set a minimum corporate tax rate of 15% worldwide, which was suggested by US President Joe Biden's administration. Ireland's corporate tax rate of 12.5% is one of the lowest in Europe. “What we are going to do is engage in the OECD [Organisation for Economic Co-operation and Development] process very intensely across the coming weeks and months and I do hope an agreement can
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