Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

An enormous amount of work has to go into the development and preparation of a budget on both the expenditure and the taxation sides. The Minister, Deputy Donohoe will have to go through a detailed round of Estimates, discussions and negotiations with all of his colleagues. The preparation of the documentation is quite a process. On my side, the taxation side, this year we have a particularly extensive Finance Bill because of the introduction of pillar 2 of the OECD base erosion and profit shifting, BEPS, agreement on corporation tax. That will add substantial additional text to the Finance Bill. My officials are working very closely with the legislative division within the Revenue Commissioners on the development of that Finance Bill. There is a huge amount of work to be done. The intention would be to go with the normal date.

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