Oireachtas Joint and Select Committees

Thursday, 19 September 2013

Public Accounts Committee

Annual Report and Accounts 2012: Discussion with IDA Ireland

10:30 am

Photo of Shane RossShane Ross (Dublin South, Independent) | Oireachtas source

Are they paying enough? Are they so large that they can, if not necessarily gain sweetheart deals, use the international rules to their benefit and use Ireland as a conduit for funds and as a tax reduction mechanism? Mr. O'Leary would be aware more than anybody of the EU probe which came up in the Financial Times, the US Congress report and the audit of multinational companies which was publicised by The Irish Times and other newspapers in August. Particularly the companies the IDA brought in are coming under increasing focus. While they are very good for Ireland, people are asking whether they are pushing us around and exploiting the situation here to an unacceptable extent. What is Mr. O'Leary's reaction to the fact that three bodies are putting us under scrutiny and are, therefore, presumably destabilising the image of Ireland and its tax regime in America and suggesting that things may have to change which will make Ireland less attractive?

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