Oireachtas Joint and Select Committees

Wednesday, 10 November 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance

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

At the earliest stage that I have a figure I am confident I can stand over, I will, of course, share it. For so long we have worked under the shadow of what global tax reform will look like and what impact it will have on our Exchequer. As soon as I have figures that I am confident are robust and that I can share with the Exchequer, we will share them with the Deputy and this committee. I would respectfully offer the committee two warnings. First, what we have at the moment is a guide. Second, we should never assume that we can take for certain the stock of foreign direct investment we have in Ireland continuing indefinitely into the future. With those guides in place, as soon as I am in a position to give the committee and the Deputy a better evaluation of the revenue impact of course I will share it.

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