Ciarán Lynch (Cork South Central, Labour)
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I will continue a point made by Deputy Stanley on a proposed re-examination of the Irish corporation tax rate. A multiplicity of factors are involved; there is the impact on the FDI currently resident in Ireland and also in terms of the situation for Mr. O’Brien with regard to future FDI. Is there a possibility of damage if one starts to move the figure around? What are the implications if we make the change, whether we go up or down, on future FDI? Existing companies might be compliant and happy to pay it but does it create a situation where the market perception is that one even if the change is only 1% or 2% it could change again and gives rise to uncertainty for long-term planning?