Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am. I just want to know why the Minister and his predecessor, Michael Noonan, decided to not implement and transpose the directive, which we were supposed to have in place at the end of 2018. The Minister and his predecessor argued that our existing rules were just as effective. If that was the case, we would not have to transpose it until 2024 but that is not the case because, as the Minister rightly acknowledged, in 2019 formal notice was served on Ireland because of our refusal to transpose this agreement into Irish domestic law.

It is not the first time we have dragged our heels as a State in regard to these issues but we are now in this position. It is unfortunate that Europe had to take that action against the State to make the Government and the Minister, who was in charge at the time, change tack and implement this legislation, which is about the profit shifting of large profitable entities that are resident in the State.

That being said, I would like to ask on which sectors, in the Minister's view, this will have the greatest impact in terms of increasing their taxation burden through the introduction of these limits. Does the Minister see any impact, for example, in regard to the aircraft leasing sector, given how this will apply to it and with Dublin being a global centre for that type of activity? Are there other sectors that the Minister is concerned about? In the transposition of this directive, given there is scope in regard to how it is transposed, has the Minister taken any decisions that have in mind particular sectors and how they would be impacted?

If the Minister can submit to us the detailed note he has on each of the amendments before Report Stage, that would be appreciated.