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

Any engagement with the new US Administration has been constrained by the fact that it is only making appointments at the moment. That has been the key issue. The new Secretary of the Treasury had his appointment ratified a number of weeks ago.

Many of the other officeholders within the US Treasury, however, with whom both we and Europe will deal, are in the very early days of coming into office. I expect there will be engagement between ourselves and the US in the weeks and months ahead. There will of course be engagement at an EU-US level, in which we will be involved. The Deputy asked whether there would be consequences for us if America were to take certain actions as a result of the implementation of this agreement. The answer to that question is "Yes." Overall, if America continues to see the merit - and I believe it will - in the value of strong exports on its economy in a stable tax environment in the world, I will make the case to it that it is also in its interest. In the early days of this process, making the case for the OECD and for a stable tax framework is an essential message for governments like ours to deliver.

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