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

The revenue forecasting that we have done so far has mainly focused on the reallocation of taxing rights. Regarding the analysis of how it could change again, I re-emphasise the point that I made to Deputy Nash, if I may. We are not looking at an agreement that is clear about the issues of base, taxing rights or even rates.

All of the figures in the document are conditioned on the basis of "at least". Many of the key figures in the text are about setting a low figure, in the eyes of some, and because of how it is phrased it could go beyond that. That is a key issue which influences my view that we cannot sign up to the agreement. Equally, it influences what we can do from a revenue forecasting point of view.

To deal with the Deputy's point on the public process, it has not kicked off yet but I anticipate that we will do that in a couple of days. I have just received some draft terms of reference, which I am having a look at. There will be little in it that will surprise the Deputy. It will just lay out what the different principles are.