By David Blevins, Ireland Correspondent
Ireland is poised to signal the end of a controversial scheme that has enabled multinational companies to drastically reduce the amount of tax they pay.
Sources claim the country's finance minister, Michael Noonan, will close the loophole known as "double Irish" when he delivers his country's budget in Dublin later.
Foreign firms have saved billions of euros by transferring income from an operating company in Ireland to another Irish-registered company in an off-shore tax haven.
Apple, Google, Microsoft and Facebook - all of which are thought to have benefited - will be granted a four year window to adapt to any change.
The European Commission has been investigating tax deals between Ireland and Apple and provisionally found that they were generous enough to amount to state aid.
Brussels has urged the Irish Government to end the controversial tax policies or face a full-blown investigation which carries the risk of multi-million euro penalties.
Earlier this month, the chancellor, George Osborne, told the Conservative Party Conference that the UK would crack down on tax strategies deployed by technological companies.
He said: "Some of the biggest companies ... go to extraordinary lengths to pay little or no tax here. We will put a stop to it."
The G20 has already commissioned the Organisation for Economic Cooperation and Development to produce a package of tax reforms to end such avoidance schemes.
But one of biggest names in Ireland - the U2 frontman, Bono - has defended the tax laws for "bringing our country the only prosperity we've known".
He said: "We are a tiny little country, we don't have scale, and our version of scale is to be innovative and to be clever.
"That's how we got these companies here ... We don't have natural resources, we have to be able to attract people," he told The Observer newspaper.
Ireland's finance minister is also expected to counter anger over proposed water charges and cut the top rate of income tax from 41% to 40%.
The budget is seen as critical, not just for the economic recovery, but in terms of the coalition government's fate in the next general election.
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