Mairead Farrell (Galway West, Sinn Fein) | Oireachtas source

I am conscious of the time but I do want to come in again. The report also notes that Ireland faces a threat from changes to the international tax system. A number of these changes have been enacted in recent years and more are coming down the line. We have had the OECD's base erosion and profit shifting initiative and the EU's anti-tax avoidance directive. Other proposals for EU corporate tax harmonisation and a digital sales tax are still being deliberated. Which of these, in Mr. Barnes' view, is likely to have the biggest impact on the economy's overall budgetary balance in the long term?

The Fiscal Assessment Report refers to Ireland's over-reliance on corporate tax and states: "The funding of Ireland’s public services and supports has become increasingly dependent on corporation tax receipts." In the view of the Irish Fiscal Advisory Council, how fiscally sustainable is Ireland's low-tax model in light of threats from demographic changes, changes to the international tax regime, relocation risks posed by the concentrated nature of our corporate tax base and the longer-term trends of secular stagnation?