Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

Again, I assure Mr. Tang that the attitude of many ordinary Irish people to Bono is that he should pay his taxes, which could then be used for necessary purposes.

The Government points to the OECD because it does not want any action to be taken. It points to the most global level possible in an effort to push this issue to the never-never. We should take action wherever it is possible, whether at the national or European level or elsewhere.

Mr. Lamassoure's report deals with the formula that would be used. A question mark hangs over the Commission's formula and the weighting allocated to sales, capital and labour, respectively. Given that labour is the source of wealth and profit, it would make sense to have a formula tilted in the direction of labour.

Mr. Lamassoure's proposal regarding data is interesting. How would this work? The formula puts data collected over data collected and data exploited over data exploited. How does one put a value on these data? This is one of the complications that will arise in terms of transfer pricing and everything else.