Oireachtas Joint and Select Committees
Thursday, 5 October 2017
Public Accounts Committee
IDA - Financial Statement 2016
9:00 am
Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source
That is good to hear. The Uber issue was touched on. I understand the company is valued at €70 billion. Let us get away from that point. Can Mr. Shanahan summarise the process in clear terms in respect of how interventions are made by IDA Ireland, including financial support, to companies that come into the country? What conditions and policy does IDA Ireland have to get grant repayments back? Obviously, we are looking at the uplift in the economy again. We are seeing that the amount of repayment is reducing – I gather it fell by 86% last year and is down to €346,000. That is the figure for return of grants issued to companies. Can Mr. Shanahan set out a short summary? I realise it is complex.
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