Micheál Martin (Cork South Central, Fianna Fail)
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145. To ask the Minister for Finance the way in which his Department is co-ordinating or overseeing Ireland's response to possible or pending changes to the US trade and tax policy as outlined in the national risk assessment report. [39101/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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The outline of the US tax reform proposal is expected to be released at the end of September. It is expected that the proposal will include a reduction in the US corporate tax rate. It remains to be seen whether any reduction in the US corporate tax rate would be permanent or temporary in nature.

Agreement between the House of Representatives, the U.S. Senate and President Trump will be needed before any changes can be introduced.

The exact implications of US tax reform for Ireland, and the rest of the world, will depend on the exact nature of any changes which are ultimately agreed.

The Department of Finance, and our Embassy in the US, are closely tracking the debate in the US and we continue to engage with business and others to fully understand the potential impacts of any US reform.

Global business, from the US or elsewhere, will always want to have operations in the EU, and Ireland will remain very competitive and attractive as an EU location to invest in and do business from.

Ireland’s corporation tax regime and 12.5% corporation tax rate will continue to be competitive while also offering long-term certainty to international business.  As always, we will remain alert and responsive to any changes in the US or global tax environment.