"It is important to emphasize that Ireland is committed to global tax reform. However we are very much for the view that global solutions are needed. I will strongly argue that the European Union should wait for the OECD to complete its work before deciding on how to act," Varadkar told parliament.

"The Commission has published a set of proposals today which recommends a short term temporary levy of 3 percent on certain digital activities. I will be making clear my views that any such measure will be ill-judged for the reasons set out and also because it would likely disadvantage smaller member states."

(Reporting by Padraic Halpin; Editing by Toby Chopra)

Stocks treated in this article : Facebook, Amazon.com, Alphabet