The Department of Finance has released a statement in response to a report in today's Financial Times about a new proposal from the United States on corporate tax reform. 

The report says the US will table new proposals under the OECD's corporate tax reform process that could see some of the profits of the world's biggest multinational taxed in countries where they make their sales. 

This means the US now supports both of the two main principles behind plans to change international tax rules.

The Biden Administration has already voiced its support for a global minimum corporate tax rate.

In a statement, the Department of Finance said "…Ireland wishes to achieve a sustainable, robust and growth-friendly agreement by the 139 members of the Inclusive Framework which meets the needs of all countries, large and small, developed and developing."

It goes on to say that "…Ireland is aware of the US proposals which will be presented to the OECD this week. We are constructively engaging in these discussions, and will consider any proposals carefully noting that political level discussions on these issues have not yet taken place with the 139 countries involved in this process."