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

The council indicates that between €3 billion and €6 billion could be considered "excess" and this is the reason I want to put in place a new process to form a view on the sustainability of current receipts. This leads to the Deputy's point on whether we have been able to form a view on the risk that could be posed to our receipts due to the different proposals being considered by the OECD. It is currently too early in the process of the work being done by the OECD to be able to provide an answer on that. We will be in a better place to form a view on the matter by the middle of next year. There are two proposed pillars, one of which relates to a minimum effective global tax rate, with the other relating to the allocation of taxing rights. Where we stand from a revenue perspective will depend on the detail of those two proposals and if a mixture of both is delivered. At this point it is too early to give a view on the trade-offs between increased tax revenue being generated based on where value is located versus the risk of any taxing rights moving to larger markets.

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