Big Irish companies in firing line in plans to enforce global tax deal

US treasury secretary Janet Yellen and Minister for Finance Paschal Donohoe had one-to-one meetings in the context of the proposed tax deal last month. Photograph: Stephanie Lecocq/EPA

A global tax deal still hangs in the balance. But if one is done, there are clear signals of pressure on countries who are holding out against an agreement. For Ireland, US plans to push countries to sign up are particularly vital, given the key role of US investment in Ireland. Large Irish companies with operations in the US are now exposed in the row over the deal, with the US threatening to target them for extra tax bills if Ireland does not sign up.

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