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

The mismatch to which the Minister refers is only operable where there is a double taxation agreement as it is the agreement that enables the mismatch to be abused. Can the Minister comment on that?

I appreciate that the Minister will not comment on specific cases but he might comment on the country. As Deputy Bruton said, the Goodman Group is reported in the papers today as having made a profit of €170 million last year but having paid, effectively, zero in taxes by filing accounts in Luxembourg. The double taxation agreement that appears to be still operative with Luxembourg is from 1972 and was agreed a couple of years after the agreement with the Netherlands. Is the Minister looking at revising or adjusting that agreement? From my vantage point, it is a problem when a corporation can make such profits but is enabled to effectively pay zero in tax.