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

Our intent very much is to engage with the United States with a view to making the case to it for continued participation in the OECD framework. That is the outcome we will seek to achieve. I fully acknowledge the difficulties that will be there with regard to that given what President Trump and the Department of the Treasury have already indicated. Are we looking at what the consequences of other outcomes could be? We are considering that, but I must be frank with the Deputy that it is very early days in terms of trying to be clear what the United States may well do. Given we are going to be involved in a very important engagement with it, it is important for me to emphasise the value of the US being in this framework. The Deputy is correct that because this is an agreement that is implemented on a per-jurisdiction basis and we have a commitment that is now in our law to implement the 15% rate that will of course have consequences for companies that are inside the framework and indeed for competitiveness as well. I will update the Dáil and answer questions from Members on this issue as it unfolds, but given the uncertainty about it that is the strongest message I can deliver at the moment.

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