The Government has published its latest plan to overhaul the country's corporation tax system, titled 'Ireland's Corporation Tax Roadmap'.

It looks at the changing international tax environment, outlines the actions Ireland has taken to date as well as further planned actions over the coming years.

It outlines actions to be taken, including introducing legislation in the Finance Bill 2018 to bring in 'Controlled Foreign Company' rules from the beginning of next year and taking the final steps required to allow Ireland to ratify the BEPS (Base erosion and profit shifting) instrument that would close off certain tax loopholes.

Publishing the Review today, Minister for Finance Paschal Donohoe said it "highlights the significant actions that Ireland has taken and the actions we will continue to take to ensure that our corporation tax regime is transparent, sustainable and legitimate".

The Roadmap includes consideration of responses received to the Department of Finance's consultation on the recommendations made in a review by UCC Economics Lecturer Seamus Coffey.