Kieran O'Donnell (Fine Gael) | Oireachtas source

Is it better to deal with the matters Mr. Tang has raised on a global level? BEPS and the OECD do that, in terms of the transfer pricing. This is purely an internal European solution. If a company comes to Ireland and is investing billions in terms of assets, employing thousands of people, surely that is a normal commercial activity in a world economy? That is not tax piracy.

I agree that the transfer pricing model that exists at the moment is outdated. One of the reasons I do not want to see the UK leaving Europe is that I feel we have to operate on a global stage as a unit to take on areas such as America and Asia. Why would we do something that might weaken some element of our partners within a European context and at the same time not pursue a global solution to transfer pricing to bring about the fairness the witness is looking for, rather than merely operating in a European context?