Mr. Conor O'Brien:

When we seek to attract international businesses to Ireland, we inform them about the corporation tax regime which remains relatively attractive and competitive. They then ask how much their chief executives will be obliged to pay in tax if they relocate here from, for example, Boston. If the rate is unattractive, it may be difficult to persuade such executives to move. If it is difficult to persuade a chief executive to move, getting the relevant business to do so may not be possible. Other countries recognise this and offer tax reliefs to individuals in such circumstances. Since the removal of the previous regime in 2006, there has not been a major flood of employment. I do not believe one can see any positive result from what was done. We are aware of projects which, as a result of that change, failed to come to Ireland and which could have resulted in hundreds of jobs being created.