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

Deputy Doherty first asked if I anticipate that the potential global minimum effective tax rate will cover more companies than are currently encompassed in the G7 communiqué. That is a possibility but the case that we will be making is that regardless of where the rate ends up, if a rate is agreed at a global level, it should only apply to the very largest companies. As Deputy Doherty has already noted, the communiqué as it currently stands only applies to companies generating more than three quarters of a billion euro of global turnover.

The Government has been increasing investment in other areas that are very important to our competitiveness. Taxation is part of our competitive model but there are many different elements in that model.

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