Dr. Seamus McGuinness:

The Deputy is completely correct about the changing environment. Would I agree about the €2 billion figure? I believe that there is no basis to agree or disagree with it but it is likely that pillar 1, if it gets agreement and it looks like it is struggling, would be a negative for Ireland. Then, on the other hand, because of the rate, and assuming that nothing else changes, that would be revenue positive. Given the way the rules, the companies, and profitability are changing, however, one cannot have any solid basis for any of that.