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

At the moment we have no reason to update our forecast again in respect of corporate tax revenue for 2023. Our reason for that is that while I still think it is more likely than not that the corporate tax directive will be agreed later in the year in respect of the minimum effective tax rate, it has not yet been agreed. Furthermore, the OECD is committed to making a statement by the summer as to where it will be with the implementation of the work stream in respect of the reallocation of taxing rights. Those pieces of the jigsaw will come together well after this is done and we will take account of that in our budget day forecasts. As for the corporate tax revenue loss we have, namely, €500 million per year going up 20% of our overall corporate tax revenue, it is my view that that will still happen. I still believe that next year will be the year in which it will begin. By the summer we will know where we are with the OECD, and one way or the other we will be clear as to where we are with the minimum effective tax rate directive.

The Deputy had another point about corporate tax.