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

The Deputy's logic as regards the pillar relating to the rate is correct. If the rate goes up, assuming no change in our revenue base, that in isolation will lead to higher revenue. That assumption is correct. I have always said that where we will lose revenue will not be on the change in the rate; it will be due to the reallocation of taxing rights. A key issue that I have always been focused on is whether we can we get a dynamic evaluation of where we are with any revenue loss, which I expect to happen, from the reallocation of taxing rights. Those who are representing Ireland in these negotiations and the Revenue Commissioners are clear that we need to see significantly more detail. We will play a role in trying to shape that before we can inform the Deputy of what the revenue loss due to the reallocation of taxing rights would be. It is for those reasons that I believe the €2 billion figure is the best guide we can give but I will be frank that it is a guide. I have said ever since I brought that figure into the public arena that it is based on guidance and judgment and how the situation is at any one point in time. I am not going to revise that until I am clearer on where we are in the OECD process. My best judgment is that will be in the second quarter of next year.