Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I recommend the OECD report to Deputy Pearse Doherty as an opening position. Some of the case study data are not attributed to any jurisdiction. However, one piece rang a bell with me and it might have drawn on Irish examples. On the general profit shifting issue we are discussing, Ireland applies the international principles set out by the OECD in computing profits made here. There are issues relating to the principles being discussed, but Ireland does not have to move in advance of an OECD action plan or international decisions. We must keep pace with the debate and make sure we will not be left behind in any change that occurs.