Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

I thank the Minister for his presentation. We welcome and support the taxation agreements with other countries. It makes common sense and ensures that people are not able to play off one country against another. Some of us have been taken aback by the fact that multinationals are not paying corporation tax at 12.5%

We have a 12.5% corporation tax rate, which I support, but it has become public that multinational companies are using creative accountancy and applying complex mechanisms and systems to evade paying tax in Ireland. It is reported that some companies are paying only 2% to 3% tax. This is very troubling for the public and many Members. The country is in dire straits. Will the Minister of State indicate what efforts are being made in the Department to deal with this issue and to get on top of that situation?