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

Regarding the degree of risk, the estimate of €3 billion to €6 billion out of the total figure we are collecting in corporation tax is very high. In regard to its future accuracy, I note that this figure is difficult to quantify at this point. This is because a global process is now under way that will change the background to corporate tax policy in all developed countries. What are we going to do about it? I am starting efforts to understand how much of the tax that we are collecting is likely to continue in future. The trade-off will concern the degree to which tax continues to be levied where value is located. The more we go in that direction the better it is for Ireland. As against that, certain decisions may be made at a global level regarding the relationship between where tax is collected and where consumption occurs.

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