Stephen Donnelly (Wicklow, Independent) | Oireachtas source

By definition, absolutely. The point I am making, which is conveniently ignored when one talks about effective corporation tax in Ireland, is it is that rate ignoring all the tax avoidance. On a quick aside because I would not like anybody listening to think that Irish engineers do not add any value, I started off my life as a engineer out of UCD. While the science for the compounds for these things may indeed come from China, the US, Portugal, Dublin or wherever, there is a huge amount of intellectual property, innovation and value add in high-end manufacturing. One thinks of the Intel and Hewlett-Packard plants. This is super high-end, world-class manufacturing with vast intellectual property and value added from Irish engineers. I am not suggesting that Pfizer, Intel or Hewlett-Packard do not pay any taxes here.