Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Companies that employ up to 3,000 people and are completely tax resident in Ireland are not those in which we are interested. We would welcome any expansion of or additional investment in such companies. It is the activities of the subsidiaries of these companies which are at issue. I take it that these companies will reshape how they operate. A company which employs people and pays taxes on the income generated here will continue with its operations here. However, the part which we facilitated by means of the tax code, namely, that part which would be viewed as stateless, will move somewhere else. We will neither lose nor gain from this measure, but at least we will have stopped these companies using the State to carry out the type of business in question.