Dáil debates

Tuesday, 15 June 2021

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

International Agreements

8:05 pm

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

I thank the Deputy for his question. I am not in a position to comment on the tax affairs of any particular company. Obviously what is driving the process overall is the understandable issue, namely, to address the gap between how tax structures are currently developed across the world and the increasingly digital nature of the global economy. Deputy Doherty asked whether the Department has been able to update its revenue loss forecast from the G7 communiqué. We have not been able to do that because there is not enough detail in the G7 document to be able to form a view regarding how those policies would be executed. That in turn would allow us to model it separately. The second, more principled reason is that the G7 document is a communiqué and is not yet an agreement. We will develop our modelling as the OECD process continues to develop across the year.


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