Oireachtas Joint and Select Committees
Tuesday, 20 April 2021
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised)
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
The Deputy is right to say that President Biden's proposals have had a very considerable impact on the process under way in the OECD. Ireland's 12.5% tax rate is a very stable, competitive and transparent rate and one I stand behind. Regarding a global minimum effective tax rate, the principles of what that figure is and how it will be implemented have yet to be discussed within the OECD. Therefore, while President Biden has laid out his proposals on these matters, they have not yet been advanced within the OECD and during that process I will be standing right behind our 12.5% tax rate, making the case for it and for legitimate tax competition.
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