Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I do not want to labour this point but pillar 1 is a guide of €2 billion and that may move as the technical details are worked out. That is fine but there is no guide on pillar 2 and there is going to be an increase in tax revenue if things remain the same. There is no guarantee that they will but there is no guide provided as to what will happen as a result of the effective rate going up to 15%. We are in the dark. We have a guide of €2 billion of a hit to the Exchequer because of pillar 1 but we do not know how much of that is going to be offset by pillar 2 increases in the taxation rate. Is it half, all of it or a quarter of it? Are we going to be in surplus? There is no guide. I know the officials in Revenue and the Department have a guesstimate and I appeal to the Minister to provide that type of information at the earliest stage because we now have a set rate.