Gerald Nash (Louth, Labour) | Oireachtas source

I know from a response to a parliamentary question I submitted last week that the Minister also plans to undertake a public consultation on the OECD proposition around Pillar 2 reforms in the context of corporation tax. It is my view, which I have spoken about quite widely, that there is an inevitability of changes to Pillar 2. While I may not necessarily agree with them, I understand the reasons the Minister is holding to the defence he has made of Ireland's position. I firmly believe we have nothing to fear, however, if it is a case we move to a 15% corporation tax rate. It will give some certainty and it is debatable about whether it will be permitted to fall. In that context and especially around the review process he has committed to undertake over the next period, will the Minister apprise me a little on the terms of reference for that review and provide information on the potential impact of the 15% rate on Ireland, our Exchequer and business in this country? It would be very useful if it was framed and included in those terms of reference.

I wish to ask the Minister a question related to that. Today and previously, he has gone on record as stating very clearly that corporation tax reforms will impact the Exchequer to the tune of approximately €2 billion per year going forward over the next short period. Is it his assessment that this €2 billion impact will be exclusively around the reforms we have already signed up to in the context of Pillar 1 or does that include any anticipated change we may sign up to around Pillar 2? Has the Minister done any assessment in the Department that he is prepared to discuss around any additional revenues that may, in fact, become available to Ireland if we ultimately sign up to a 15% rate?