Joan Burton (Dublin West, Labour) | Oireachtas source

In the Revenue documentation that was given to the Committee on Budgetary Oversight where the Revenue did point to the fact that of the €46 billion increase in profits in the tax returns was the primary factor underlying the increase of €2.2 billion in corporation tax. That is the stand-out fact in relation to the story of Irish corporation tax in recent years. The country has taken a very heavy reputational hit. It is identified, in some cases completely wrongly but in other cases correctly, as being a country in which there is not proper oversight and jurisdiction in relation to certain companies that have taken advantage of particular structures in the Irish tax system.