Oireachtas Joint and Select Committees

Thursday, 23 September 2021

Committee on Budgetary Oversight

Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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I do not think that is good enough, with respect. Maybe the Minister does not have the answer, because it appears that it has not yet been approved by the Commission. I put it to the Minister that the Tánaiste went to the media and gave certainty to businesses that regardless of the outcome of OECD BEPS and regardless of whether we opt into that process, businesses without a turnover of €750 million will be secure, and the 12.5% tax rate will remain. Can the Minister give that same certainty at this committee? Uncertainty in this situation is not good and the Minister needs to clarify the comments by the Tánaiste. Companies are operating across the State and paying corporation tax at 12.5%. Will that remain unchanged regardless of anything that comes out of OECD BEPS unless a company has turnover of €750 million?