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

As the committee will be aware, revenues will actually not flow until 2026 with regard to the impact of Pillar 2. The precise impact on Ireland will depend on a number of factors, including the question of what jurisdictions we may be collecting IIR and UTPR from. It is not possible to provide an estimate at this time, given that the transposition is continuing and the implementation of it is continuing globally, and the interaction of the different elements globally has not been settled at this point. An estimate has not been calculated based on the information we have to date of what the impact would be in terms of revenue.

As this is developed and as this legislation is implemented, not just in Ireland but also in the other jurisdictions, and as some of those outstanding questions get settled, we will work towards developing an estimate of what that is. At this point in time, however, that is not possible.