John Deasy (Waterford, Fine Gael)
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I agree with Mr. Moran. The United States tax rate is 35% and this is more to do with its repressive corporation tax regime than with our low corporation tax rate at 12.5%. That is their problem. If companies make these decisions they have to be a bit more inward looking with regard to how they treat the taxation of those companies and why they are leaving. If there is a choice between succumbing to left wing opinions in this House on multinationals, or taking the hundreds of million of additional euro I would go for the loot any day of the week. It is a crude way of putting it but the country needs the revenue.

We are coming under a great deal of pressure with regard to BEPS, the European Commission and the other issues that surround Apple. Is the Department of Finance coming under any pressure from the European Commission with regard to tax inversions?