DUBLIN (Reuters).- Monday’s deputy prime minister stated that an updated text of Organisation for Economic Co-operation and Development’s overhaul of global corporate taxes rules addresses “a lot, if, not all” of concerns expressed by Ireland.

Ireland is the European headquarters at low tax for a large number of multinationals. However, it has not yet signed up to the OECD Agreement initially signed by 130 of the 139 negotiating country in July.  

Ireland opposed the proposed global minimum rate of 15% and the addition of the term “at most.” Paschal Donohoe, Finance Minister, stated last week that Ireland will likely join if there is certainty about its issues.

Leo Varadkar (Deputy Prime Minister) stated that the updated text to be signed at Friday’s OECD meeting “responds to a lot if not all the concerns.”

A strong boost would come from Ireland as it is one of the most favored countries for low corporate taxes. Ireland has a long-standing corporate tax rate of 12.5%.

The few remaining holdouts (which also includes Estonia and Hungary as EU members) cannot stop the changes being proposed.

Donohoe stated that Dublin will decide whether to join the accord before Friday’s OECD conference. The next meeting for Ireland’s cabinet is Thursday. They would be required to vote on any Donohoe-related recommendation.