Oireachtas Joint and Select Committees

Thursday, 3 December 2015

Public Accounts Committee

2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014

10:00 am

Mr. Derek Moran:

It is cyclical in that regard. That is probably the last comment I will make. Do I have multinationals beating my door down to say they are concerned? Yes, they are obviously concerned about the commentary, but it is not sufficient. The Apple case has been mentioned already. Since that happened, Apple has announced 1,000 additional jobs in Cork and the opening of a data centre in Galway, which is a vote of confidence in Ireland as a future base.

The chairman of the Revenue Commissioners is more than capable of speaking about this on his own. The Revenue Commissioners apply the law and do not do sweetheart deals with people. That is the core of the accusation - that some advantage was afforded to a specific company. They do not make those sorts of rulings. They apply the law and apply tax to the profits that are attributable to Ireland.

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