Eamon Ryan (Dublin Bay South, Green Party)
Link to this: Individually | In context | Oireachtas source

I have another meeting at 3 p.m. It is an excellent presentation. The 13 companies paying 1% or less jumped out at me, along with the statement that the main element behind it is the double tax relief arrangements and the research and development tax credit, to a lesser extent I would imagine. The witness states the review of the tax cut last year indicated we should move away from the current worldwide regime to a territorial regime. That would see those companies, effectively, going closer to the 12%. Does that connect to the point made about royalty payments? Is that a separate issue? Will it double down on the tightening up of the process? I am sure nobody here wants to see a company just paying 1%. How would the territorial regime work versus a global regime? Is it part of the same OECD and European Union reform?