Pearse Doherty (Donegal, Sinn Fein)

Ireland signed up to a global tax deal some years ago, back in 2021. It provided for a framework of base erosion and profit shifting. There are now reports that an agreement was reached at the G7, with G7 countries agreeing to exclude US multinationals from certain aspects of the pillar 2 global minimum tax rules. That obviously includes France, Germany and Italy. What are the implications for our existing tax codes that we have legislated for now that it has come through an EU directive?

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