Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The Minister stands behind the 12.5% tax rate and we have had resolutions passed in the Dáil across the political divide in support of that rate. The Minister acknowledges that obviously there is a process under way whereby they are looking at a minimum effective corporation tax rate and while President Biden in America is suggesting 21% others may be suggesting something lower or indeed higher. Is it the Minister's view that there is a risk of an increased corporation tax rate in this jurisdiction as a result of that or does he believe we can stand outside that process if, for example, a minimum effective corporation tax rate in excess of 12.5% is agreed at OECD level?