Oireachtas Joint and Select Committees

Thursday, 7 October 2021

Public Accounts Committee

2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

Does Mr. O’Kelly see it having major consequences in terms of our revenue intake? Obviously, it will be a higher rate. I am somebody who would argue for the 12.5% but for that to be collected, although that is another day’s work in regard to some of the large multinationals having opt-out clauses or arrangements where the full 12.5% was not being collected. If we are going to have a 15% floor under the OECD rules, I presume our European neighbours will want to see us collecting the 15%. What consequences does Mr. O'Kelly see that change having for revenue intake? I take on board that the NTMA are the people with the listening ear. They are talking to the people who will be impacted by this and who have a special interest in it. I think it will be accepted that the NTMA is in the know on this, more than many of us. What are the consequences of that change in terms of fluctuations and it being a greater amount or a lesser amount? Has the NTMA run figures on that and does it have a model on that?

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