Category: Paschal Donohoe

Eurogroup Head Donohoe Confident Omicron Won’t Derail Recovery

DUBLIN—The head of the Eurogroup of euro zone finance ministers Paschal Donohoe is confident the region’s recovery can be sustained into next year even if the Omicron coronavirus variant requires new public health measures, he told the Reuters Next conference. Donohoe, who is Ireland’s finance minister, said his confidence reflected how economies have increasingly demonstrated…


Ireland to Back Global Tax Deal If Concerns Met: Minister

DUBLIN—Ireland will likely sign up to an overhaul of global corporate tax rules if certainty is brought to bear on its concerns when an updated text of the OECD’s proposals is published shortly, Finance Minister Paschal Donohoe said on Thursday. Ireland, the low-tax European headquarters for a number of the world’s largest multinationals, has so…


US Treasury’s Yellen Urges Irish Finance Minister to Take Global Tax Deal

WASHINGTON—U.S. Treasury Secretary Janet Yellen urged Paschal Donohoe, the finance minister of low-tax Ireland, to take a “once in a generation opportunity” for a global deal that would stop a race to the bottom on corporate tax rates, the Treasury said on Wednesday. Despite pressure from Yellen and European Union officials, Ireland has not wavered…