Leaders of major economies like President Donald Trump are making the case for lower corporate taxes and Europe should pay attention, Irish Finance Minister Paschal Donohoe told CNBC at the World Economic Forum on Friday.
Asked if he believed Trump was setting an example on tax policy, Donohoe was positive.
"Do I believe the mood is changing on corporate tax globally? The answer is yes," he said.
"You have to look at what President Trump has done, you have to look at the state of the U.K., you have to look at what President Macron said earlier in the week," he said, referencing the French president's Davos speech in which he proposed cutting some of France's infamously high taxes.