Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

There are about 100 countries that have signalled that they will take this multi-lateral convention. We are satisfied that if countries do not sign up to the multi-lateral convention, we will deal with them on a bilateral basis. It would be better, and much more facilitating for everybody, if the multi-lateral convention was passed as legislation. That would automatically update the double taxation agreements.

Only nine have concluded. We hope that this will become ten, soon. On that basis we are contacting those countries where we have a double taxation agreement which facilitates the new multi-lateral convention.