Aidan Davitt (Fianna Fail) | Oireachtas source

I appreciate what Mr. Cody has said. He spoke about pillar 1 and companies with profits of greater than €20 billion. I would say they will fall into this category of the top ten companies which are paying 56% of our corporation tax and heading for 60%, the way things are going. When that pillar 1 comes into play, I would say it is very foreseeable that more than half of our corporate tax income from these guys is probably going to disappear. Is it alarmist to say that? My reading of it, from seeing what has been going on over the last while, is that it is all pointing in that direction. How quickly it happens is another thing, as Mr. Cody said, given the brinkmanship that is going on. They are finding it hard to agree on anything and we have seen certain countries dragging their heels on a lot of different fronts. I do not know what is the Irish people's view. Maybe I am sounding very alarmist but that is the way I am reading a lot of the stuff that is coming down the line to us.