Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The Minister made the point that the assessment is that the agreement will impact on corporation tax receipts to the tune of approximately €2 billion. That will be kept under review, as he said, but we can all agree that number is well outdated at this stage. That was an earlier number from even before the July agreement, which gave greater clarity. Now we have the final agreement and more clarity. Surely, given the fact that we now have an effective minimum tax rate of 15%, that number is going to change because there will be an increase in tax receipts to the State. The July agreement stated that the proportion of profits above 10% that would be allocated would be between 20% and 25%. It is now settled at 25%, which could take a hit on the other end. Are there any updated estimates as to the impact now? I am sure the Department of Finance was running the numbers during the negotiations, and afterwards, as to what a 15% effective tax rate would look like from a State revenue point of view.