Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

It is hard to quantify the extent of transfer mispricing, which seems to be one feature of tax avoidance, because corporations operate on an international basis and we do not have country by country reporting, as pointed out by Mr. McCaughey. I would like to hear a little more about whether we could on our own start a process of reporting. It seems that we could and should and not just wait for the OECD to demand it.

We want to know details of multinationals' operations, what is being made here and where these profits are being generated, as against stuff that is coming in. I would therefore like to hear a comment on that.

In so far as we could possibly get a handle on transfer mispricing, that is not just tax avoidance; is it not tax evasion? If they are abusing the rules, that is tax evasion.