Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Yes I am. We understand the reasons why there has been a further change in corporate tax receipts for this year and we are increasingly clear on what our likely end point will be for 2018. We need to take care, however, in assuming that will continue into 2019, 2020 and beyond. We have seen very significant shifts in corporate tax receipts over the past number of years and I will not be basing budgetary plans for 2019 or beyond on the assumption that we will see further large increases like we have seen in the past. We need to be careful about planning for that in the future.

On Deputy Boyd Barrett's question, the reason why I will not bring in a minimum effective tax rate is because in my judgment, that would be harmful for jobs and investment in Ireland. If I was to bring that in and we were to lose any jobs as a result of it, there would be plenty of Deputies in this House calling for me to go and Deputy Boyd Barrett would probably come in here and point to this as an example of the collapse in global capitalism that he predicted was going to happen. As I said to Deputy Paul Murphy earlier on, there are 88,000 people employed in Dublin alone as a result of international investment. I am committed to addressing issues of international concern but it is not just a prerogative of large countries to be competitive. It is open to us to pursue our policies in that area too.

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