James O'Connor (Cork East, Fianna Fail)
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180. To ask the Minister for Finance his position on the OECD tax agreement following the statements of President Trump on warning to countries that implement it against US companies; if the agreement will be review by the Government shortly; the timeline for when the matter will be discussed with his EU Colleagues on the Economic and Financial Affairs Council; if he plans to make a statement in relation to same before the St Patrick's Day visits by Government to the USA; and if he will make a statement on the matter. [7045/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I have taken note of the Presidential Memorandum on the OECD Global Tax Deal, the concerns raised by the new US administration in relation to the OECD tax agreement and their commitment to examine the current situation in relation to taxation globally over the coming months.

Ireland signed up to the 2021 agreement, at the OECD Inclusive Framework on BEPS, of a two-pillared solution as a pragmatic and sensible approach to address global uncertainty and we remain committed to that process.

Through the OECD agreement we are collectively trying to create a stable global tax framework that is fit for the 21st century and provide the positive conditions and long term certainty for businesses and investors to prosper and grow.

Continued cooperation globally is critical to avoid fragmentation and achieve those outcomes. It will be important for all parties to engage constructively over the coming months to examine mutually beneficial solutions to these issues and we continue to lend our full support to such an approach through the EU, OECD and G20.

Significant work has been undertaken in recent years and it is incumbent on all participants to try to bridge remaining concerns, sustain the progress that has been made and avoid restarting negotiations from scratch.

I remain hopeful that pragmatic solutions can be found to address these issues and we will lend our support to such an approach through our engagement at the OECD. It will be crucially important to ensure that whatever way forward is agreed will ensure that minimum tax rules are applied consistently and maintains a level playing field globally.

This week I had a very positive and constructive engagement with my EU partners at ECOFIN where we agreed on the need to remain engaged with each other and the new US administration to resolve existing concerns through consensus and cooperation. I will continue to provide updates as developments arise.