Oireachtas Joint and Select Committees
Wednesday, 4 December 2019
Committee on Budgetary Oversight
Fiscal Assessment Report: Irish Fiscal Advisory Council
I understand there was a meeting in the OECD last Thursday or Friday on the issue of corporation tax, tax harmonisation and the possibility of a minimum corporate tax rate. At a meeting of this committee a few weeks ago, I put the following suggestion to the Minister for Finance. If the minimum corporate tax rate was set at 10% or 12.5%, would it have a stabilising effect in terms of corporate tax revenues in future in the sense that it would result in an increase in revenues and reduce the risk of capital or corporate flight because if the minimum rate is applied by the OECD, it is applicable across the board? Has the council considered that? Is it involved in that process?