Oireachtas Joint and Select Committees

Thursday, 19 September 2013

Public Accounts Committee

Annual Report and Accounts 2012: Discussion with IDA Ireland

11:10 am

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael)
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I welcome Mr. O'Leary and his colleagues. I wish to address a number of points on a national level before I deal with the regions, being a Deputy from Limerick. Various discussions were held about the corporation tax rate. Has the IDA carried out work to compare the margin between our effective and actual rates with the margins of our competitors? Ireland offers transparency. In other countries, the margins are significant.

How has the ending of patents affected the pharmaceutical sector? What measures can be put in place to counteract the effects?

I wish to address the IDA's interaction with NAMA in terms of, for example, the office space that is made available in city centre environments. We have encountered this issue in Limerick.