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

It could have. Because of the sensitivity of this, I do not want to comment too much on scenarios that could unfold in the future. If America cannot go forward with the implementation of changes in the minimum effective tax rate, it will have a huge effect of where we are overall with the OECD process, not just on pillar 2 but also on pillar 1, because America is so fundamental to it. We have indicated we will support and be part of a minimum effective tax directive. I expect America to do the same, to change and implement GILTI changes as the year goes on.