Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Okay. I think any reasonable person looking at it would say the company has been caught with its pants down. It said something it believed to be true at the time, but it decided to backtrack on that at a later point when it discovered that it was going to cost it dearly. I think that is what any reasonable person looking at this would conclude. We will move on. I think the point has been made.

Professor Stewart said that in 2011, Apple Sales International, with "no employees, no fixed assets and income of $22 billion" paid €10 million in tax. This equates to a tax rate of 0.045%, or less than half of 1%. The company cannot have many overheads if it has no employees and no office. I want to clarify that it has no legal tax residence anywhere in the world. Regardless of the merits of the current case - I am not asking about them - do Mr. Redmond and Mr. Keegan consider that the facts I have outlined are acceptable? Is it acceptable that a company could make $22 billion in revenue while having no overheads and paying less than 1% in tax? Leaving aside the issue of Ireland, do Mr. Keegan and Mr. Redmond believe that to be morally acceptable?