Mairéad Farrell (Galway West, Sinn Fein)
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Many of the questions have already been asked but I have two. The OECD's multilateral instrument, MLI, was obviously an attempt to provide common minimum standards for all existing and future double tax agreements. The minimum standards set out in the MLI have been designed to close tax avoidance loopholes. Article 12 of the MLI relates to defining when a multinational corporation has a taxable presences or a permanent establishment in a jurisdiction. When Ireland signed the MLI in June 2017, I understand that article 12 was not adopted, thereby missing the opportunity to close this loophole. Has this been closed since?