Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

With regard to the kicking and screaming comments, Ireland's reputation was on the floor with regard to its corporation tax issues. It was at the heart of discussions of Congress investigations in the United States. I recall that when the Taoiseach was in California the Governor of California made a joke about Ireland's tax regulations in front of him. Internationally we have a poor reputation with regard to tax. That has a material cost as well.

There has been some talk about the knowledge development box being considered by the EU to be State aid. Perhaps the Minister of State would indicate whether there have been discussions in that regard with the EU, such that there is no confusion in that regard. Am I correct that the Minister of State said that there is a potential €1.4 billion cost in relation to this?