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

It is clearly understood that the ability of America to move forward on both pillars is an essential element of what this will look like.

I will emphasise another point on where we are. It is my strong view that if this OECD agreement does not move forward, our country will be presented with a whole other set of risks and challenges. In the absence of the OECD agreement, the risks of countries doing their own thing, which was acute in 2018 and 2019, will be back again. That would be a very challenging position for open economies like ours which rely on tax co-operation. That is why, even with the different points the Deputy has put to me, I believe overall it is very much in our interest to see this matter resolved in the OECD.