Oireachtas Joint and Select Committees

Wednesday, 22 September 2021

Committee on Budgetary Oversight

Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council

Photo of Gerald NashGerald Nash (Louth, Labour) | Oireachtas source

I am interested in this aspect because, to the best of my recollection, the figure of a potential €2 billion loss, and possibly the figures Mr. Barnes has given, may have arisen from an assessment that was done before any statement concerning what might, potentially, be the new agreed minimum effective rate. Would Mr. Barnes agree that there is potential for us to lose some resources from Pillar 1, but that that loss may be balanced out and become a very different story in the context of gains in the context of the Pillar 2 experience, assuming, of course, that companies do not change their behaviour dramatically?


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