Oireachtas Joint and Select Committees

Wednesday, 29 June 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Double Taxation Agreements: Discussion

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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We are committed to progressing this at European Union level.

I believe America will make progress on its global intangible low-taxed income, GILTI, rate as well, so both will happen. Like the Deputy, I will refrain from speculating about what will happen in the US. It is up to them to make the decision but I believe we will see the EU and the US implement this change. A matter we will have to reflect on and are considering concerns the critical mass of countries in the OECD that is adequate to say this agreement has been implemented. That is particularly a matter for pillar 1.