Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome that because my understanding is that Ireland is an outlier in its treatment of this issue. That is something the Revenue can check. It strikes me as odd that a non-executive director who, of necessity, travels in and out of Ireland to attend meetings and who is reimbursed for the cost of that travel, is then taxed by the Irish Revenue on the amounts that have been reimbursed. The net effect of it is that the non-executive director incurs a cost by virtue of performing his or her duties. It is an issue for some companies which are seeking to attract high-calibre people who are based abroad to act as non-executive directors and provide their expertise to businesses here. It is an issue that should be examined and I welcome the fact that Revenue will look at it as part of the broader review.