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

While the answer I gave on "Morning Ireland" may have been a preview of the position today, it was a review of the postion yesterday. I went through many of these issues yesterday with the Deputy's colleagues at the Committee on Budgetary Oversight. For the benefit of all colleagues, I will emphasise some of the points I made. They relate to the point the Deputy put to me about other issues in addition to Brexit emerging. In particular, from a tax point of view, I highlighted three issues, the first of which is the increased level of corporation tax receipts, a large amount of which is attributable to the large increase in corporate profitability associated with several large companies. Were this ever to change at some point in the future it is likely it would have an impact on the tax receipts that we are discussing. The second factor of which we have to be mindful is that we could face a situation where corporation tax arrangements would become more competitive in other countries.

The consequences of OECD reforms, and the changes I have touched on on a number of occasions, could be a factor for Ireland as well.

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