92. Deputy Ged Nash asked the Minister for Finance his views on the agreement reached between the G7 and the United States in relation to the OECD's global minimum corporation tax rate proportion for large MNCs; his views on the implications for Ireland's corporation tax base, the Exchequer more generally, and inward investment; and if he will make a statement on the matter. [39703/25]

Sentiment score: 0.25

I thank the Minister for his response. I note the publication of that statement and that he has placed on the record of the House that at this stage, this is an understanding. At the time, my recollection is that he welcomed the removal of section 899 retaliatory measures and that is very important for businesses. We have to remember that Ireland has significant foreign direct investment in the United States. This has been described as a form of opt-out for the US. Does the Minister believe this may have worrying implications for the remainder of the OECD deal? This may very well heap more uncertainty on the uncertainty we are already experiencing around the type of tariff regime the US Administration may like to see implemented.

Sentiment score: 0.14

I appreciate this is a bit of an moveable feast but there are uncertainties. The G20 nations were the guardians of the OECD deal originally. The OECD adopted it and we adopted it. I welcomed at the time that we adopted the process ourselves. That was not without risks for Ireland. It was a welcome thing to do. Because the framework of this deal is subject to EU legislation, I assume EU legislation will require to be changed to accommodate this agreement if indeed there is an agreement. That will require unanimity. The likelihood is there will be unanimity because many of the G7 nations such as France, Germany and Italy and so on are part of the G7 group. What is the Minister’s view on that? Will it require legislation that will ultimately have to be adopted by this House if it is to come to pass?

Sentiment score: 0.11