Ms Cora O'Brien:

I will answer the Deputy as best I can. On the issue of companies, the tax rates they pay and the concerns that have been raised generally about large multinational companies with low effective tax rates, based on analysis that has been carried out by others in Ireland, the key reason for the low rates was that they were global effective rates. BEPS legislation was developed because mismatches were enabling those who pay tax to sometimes achieve low effective rates. The effective rate of the profits that were properly attributable to Ireland was actually very close to the 12.5% rate.