Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

As the Minister knows, the agreement reached by the G7, which may not be the final agreement, only applies to certain companies. Even if it is applied, it will not affect all companies or foreign direct investment, FDI, companies here in Ireland. At this early stage, what is the Department's view of applying a minimum effective tax rate - whatever rate is agreed through the OECD process - across the board? Is it the Department's view that there should be a rate specific to those companies that fall into the net of having annual turnover of €750 million or more? Is it now time to look at our competitiveness in other areas outside of tax? The housing crisis, for example, has been called out by the National Competitiveness Council, NCC, repeatedly in this regard. Education, research and development, infrastructure and quality of life issues such as childcare and housing are all crucial and will be even more important in the future, given the changes taking place internationally. Is the Department considering committing extra resources and revenue to those areas?

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