Michael Noonan (Limerick City, Fine Gael)
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We will look at all the issues at budget time. As I announced in last year’s budget, we are looking at the appropriateness of all the tax measures in the agrifood industry and are in full consultation with all the interest groups involved. The OECD, Organisation for Economic Co-operation and Development, will probably bring forward recommendations in September on the BEPS, base erosion and profit shifting, project. I would be surprised if, again, we do not have a provision in the Finance Bill on corporation tax, running from either the recommendations of the OECD or the consultation with the Commission on the state aid issue which was brought to public attention last week. Broadening the tax base does not mean introducing new taxes. Nobody has ever thought that before.