Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I have questioned the Minister in particular on the implementation of pillar 2 in order to get his thinking on where we are at. We are supportive of the agreement. When I say "we", I am talking about my party. However, Mr. Coffey raises a valid point, which is that now that the principle has been ceded in terms of tax sovereignty and minimum effective tax, what will happen in five years' time, seven years' time and so on and so forth. We might not even have a first time, depending on how the US and some of the big players go.

One of the issues that concerns me is relates to the implementation of pillar 2, which is not just for us as it is also a European directive. Will we have not seen it twice in regard to taxation, which was also another one of our sovereignty staples in terms of taxes? Now we have allowed for the implementation of this measure, not through what we will do in the Parliament but through a European directive that we are legally bound to implement to the minimum standards.