Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

The parliamentary finance committees of various nation states carry out investigations for their own reasons. Mr. Saint-Amans and I are of the same opinion that the US deferral system can be interpreted as an interest-free loan for an indefinite period of time. My understanding of European law is that it is not possible for a nation state in Europe to do this because of competition law, but for some reason or another the US system can allow a loan forever without interest being applied because tax can be deferred forever.

Mr. Saint-Amans has probably examined the US Senate report which had much to say about Ireland. Did it make a recommendation about what it might do about this taxation?