Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

This is not expected and we do have a global agreement, which we are faithfully implementing. That was the right decision for Ireland and that is the decision before us now in the Bill. We are part of the European Union and we have agreed to implement the EU minimum tax directive. Issues that may arise down the line about other countries not implementing it are, first and foremost, provided for within the agreed framework. We went through one specific scenario that clearly would have very significant consequences for all involved so we do not envisage that situation developing.