Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

There are obviously major changes in the international landscape. I am conscious the last time the Minister was before the committee, there was agreement in July of a rate of at least 15%. The Minister made the case he was still convinced that we could secure the 12.5% rate within the agreement. It has not turned out that way. However, I believe the 15% rate still allows us to be competitive and is still an area which makes us a very attractive place to invest, but we also need to look at some of the other competitiveness issues, not least housing, childcare, infrastructure and connectivity on which we are lagging way behind.

I want to ask about some of the detail. How many companies will come under scope of this agreement? Pillar 1 has a threshold of €20 billion turnover. How many companies that are tax resident here, either headquartered or subsidiaries, will come under the scope of pillar 1?

The threshold for pillar one 1 change within seven years of its operation and will decrease from €20 billion turnover to €10 billion. How many companies are anticipated will fall under the scope of pillar 1 then?

On pillar 2, which has an annual turnover of €750 million, how many companies that are tax resident here, either headquartered or subsidiaries, will come under its scope?