Pearse Doherty (Donegal, Sinn Fein)

The G7 is far from democratic but the decisions that are made there can have a serious impact in Ireland. Pillar 2 was dealt with by way of an EU directive. Surely if there are carve-outs as a result, that will require a new EU directive in relation to how France, Germany and Italy will be able to implement this agreement. I have raised the issue with the undertaxed profit rule and how it was envisaged. It was envisaged with America as part of the overall agreement. Can the Minister cast any light on that? We will have to deal with that, or not, in the finance Bill, so that would have to be at an advanced stage at this point. Can the Minister give any indications as to where pillar 1 is? Is it dead or is it on life support?

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