Dáil debates

Tuesday, 15 June 2021

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

International Agreements

8:05 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The second component or plank of the G7 agreement on international taxation that was announced was to reallocate profits and taxing rights so that multinationals pay tax where they operate rather than only where their head offices are based. This mirrors pillar 1 of the BEPS process and will, if implemented, affect the State's revenues. However the published communiqué, while offering a broad picture, did not provide the granular details of the proposal agreed by the G7. Having attended the summit, I ask the Minister to update the Dáil on the details of this part of the agreement, what companies it will apply to, how it will be implemented and what the Government's proposals are in relation to it.


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