Oireachtas Joint and Select Committees

Tuesday, 20 September 2016

Committee on Budgetary Oversight

Revenue Raising Proposals: Minister for Finance and Revenue Commissioners

9:30 am

Mr. Gerry Howard:

What I would suggest as the position is that there are businesses here in Ireland, particularly foreign direct investors, that, as with any of these technology companies, need intellectual property in order to make their products. That intellectual property is developed elsewhere. Therefore, these payments are legitimate payments to the other parts of these organisations.

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