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

I want to separate tax evasion from tax avoidance and tax compliance. Our main project here is to consider the architecture of the application of global taxation, considering what is happening in that arena and Ireland's place and position in that, what we can do, what we can not do, what we can do unilaterally and what we have to do in other contexts. To use the analogy I used earlier, for companies it is similar to the offside rule in soccer in that there is no point talking to Manchester United or Chelsea. One has to talk to UEFA and FIFA because they set the rules. The teams play within the rules and maximise them to their advantage. Will the announcement by the Minister for Finance in budget 2014 change the effective tax rate in this country or will it be neutral at the end of the year? I am talking about the residency issue.