Eamon Ryan (Dublin Bay South, Green Party)
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I was aware of the OECD report and the potential developments arising from it. Our reputation will be best served by supporting and agreeing to the OECD setting a minimum corporate tax rate and, even if it is higher than the current 12.5% rate, it is our duty as a responsible country. In Europe, €1 trillion is lost through tax avoidance measures, so we need to support such a move. Does the Department have any sense of what a potential rate might be if the OECD did this? Does it have anything to suggest that, as I suspect, adherence to a minimum tax rate would actually increase our corporate tax revenue? This would mean we should support it not just for reputational reasons but for fiscal gain.