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

I certainly know why it is the case. It is the case because some of the larger economies within the G7, which are trying to provide the framework for this to move ahead across the world, had interests in the extractive sector and the regulated financial services sector. Having been involved in this process for over four years, it is one of the catalysts of the process and one of the things it moves forward is countries stating their national positions and looking to have those national positions recognised in the agreement at the end. It is there because some of the larger economies involved wanted to see recognition of sectors they believed to be important.

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