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

That is captured in the figure of €2 billion we have shared to date. The Senator suggested there is a possibility or risk of those assets moving from Ireland. I would not at this point consider that a large short-term risk but it is certainly a medium-term risk. A number of different things could trigger it. It depends on larger economies and their tax treatment of these issues. It will depend on the detail of how the OECD agreement is confirmed across next year. Movement of assets out of Ireland could also be driven by a loss of confidence among those who have registered IP in our regarding how it could be taxed in the future. That would be a result of domestic decisions in Ireland. The impact of IP on our national income is an issue. I do not mean national income as defined by tax revenue but in the overall definition we use to measure the size and scale of our economy. It is a risk of which we need to be aware. When we move to the detail of how the reallocation of taxing rights will be managed, my officials and I will be very aware of that concern.