A US plan to change how global companies are taxed could have "very meaningful and significant effects" in Ireland, the country's finance minister has said.
In an interview with Irish broadcaster RTÉ, Mr Donohoe said: "I've been saying this moment has been coming for years, it's now happening, and it will have consequences.
"It could have a very meaningful effect, and significant effect, on how we conduct corporate tax policy in Ireland.
"It has the potential to have a very big impact on where tax is collected."
Level playing field
The US Treasury Secretary Janet Yellen has suggested a 21% minimum global corporation tax rate.
"We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom," she said in a speech earlier this month.
