Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I thank the Minister for his response. I believe it is important there is political consensus on this issue but also across Europe in trying to build support for our position. The Commission's proposal, as the Minister said, is one of own resource that would be calculated at 0.5% of the notional company profit base, an indicator calculated by Eurostat on the basis of the national count statistics. While the Commission claimed it is not a tax, the truth is that the proposal approximates to company profits or gross operating surplus. Put plainly, it would target a share of member states’ corporation profits. We are net contributors to the EU budget and we have a set mechanism to contribute to that budget in the time ahead through national contributions.

The Minister said he believes this does not have the necessary support for unanimity. Where does he see this going now and what is the timeframe for this proposal?

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