Paschal Donohoe (Dublin Central, Fine Gael)

I do not expect pillar 1 to conclude soon given all the difficulties with regard to pillar 2 at the moment. On whether this would automatically lead to a change in the EU directive, I do not believe it will. As I said in response to Deputy Nash earlier, we are considering what this will mean for the implementation of the EU directive and what that means for Ireland’s competitiveness and for Europe’s competitiveness if Ireland and Europe stay inside the second pillar of the OECD agreement while America is co-existing with it but is not in it. I am considering all of this at the moment with my officials. If it requires any change to the finance Bill, we will certainly do that, but at this stage I cannot give the Deputy a definitive answer.

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