![Paschal Donohoe, Irish Minister for Finance, during the Media briefing at Government Buildings in Dublin.
KBC Bank Ireland has announced today that it is in discussions about the possible sale of its performing loan assets and liabilities to Bank of Ireland.
On Friday, 16 March 2021, in Dublin, Ireland. (Photo by Artur Widak/NurPhoto via Getty Images)](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/XZTWXC6LAEJ7YO6RLKIJLFL2ZY.jpg?smart=true&auth=f9165641ad68b636205993138834e3ec30913dd2e5e2a1d42790c8d1438ddba9&width=400&height=225)
Paschal Donohoe, Irish minister for finance, says Ireland's long-established corporate tax rate of 12.5 per cent is 'fair'. Getty Images
Paschal Donohoe, Irish minister for finance, says Ireland's long-established corporate tax rate of 12.5 per cent is 'fair'. Getty Images
EU uses bailout leverage to target Ireland's low corporation tax regime
Country’s 12.5% corporate tax rate is among the lowest in the world