Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The changes that we are making through the Bill by removing exemptions in the application of particular rules relating to CFCs will have a significant effect on dealing with very aggressive tax planning or potential tax planning with jurisdictions that are on the greylist created by the EU. These rules will not apply to countries that are not on that list. The rules are demanding in nature and will only apply to countries that are put on this list by a decision of the EU. Those countries are seem to be unco-operative in terms of fair and effective taxation.

I imagine that most of the information on the operation of the list will be prepared by the EU, but I will see if there is any domestic source of information that I can share with the committee. If there are national pieces of data that would aid the committee in evaluating these rules, I will see if they are available and share them with it.