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

I did say that is if the OECD agreement is fully implemented. Even in our current tax code, the average level of tax large corporate employers pay in Ireland is between 10% and 11%. The difference between taxation on capital and labour and profit on labour, for those on low incomes, is not as big as the Deputy would argue it to be. I read the Deputy's budget submissions - he knows I do - and I always recognise that in a static world, the figures add up. They do, in fairness to him. I am not sure if my recognising this does the credibility of the proposals harm or good but they do add up. Where he and I completely differ is that he thinks we can implement these measures without having other knock-on effects. I believe they will, which in turn would mean collecting less tax overall. I am absolutely convinced that the measures the Deputy is proposing, and I say this with respect because I respect his intentions in these matters, would have a harmful effect on our economy. We would lose jobs and be a poorer country as a result of them and ultimately collect less tax revenue. That is why I have a different view on these matters to the Deputy's good self.