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

I thank Deputy Doherty for his further question on pillar 2. There is no further detail beyond the communiqué to which Deputy Doherty referred. The main element of the statement from the G7 refers to the annual global turnover threshold. Beyond that, there is no further detail agreed between the G7 economies. That will happen within the OECD. The detail will be determined within the OECD and that will then structure the way in which a reallocation of taxing rights will take place. That is obviously something that is very important for Ireland. I have already indicated that out of the two pillars that were up for negotiation, the one that Ireland was willing to initially support was the pillar that covered the reallocation of taxing rights but the direction in which this is now going is towards a potential agreement that will include both pillars.

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