Tony Killeen (Clare, Fianna Fail)

The issue of whether the report will be published is for the Minister, Deputy Martin, and I will mention to him the Deputy's interest in that regard.

On the profits currently enjoyed by US companies in Ireland, it is not at all clear — and not likely — that much is reinvested in Ireland. The taxation regime undoubtedly makes it difficult for the profits to be repatriated to the US, but it is considered likely that a substantial proportion of the profits of US multinationals are invested elsewhere and not necessarily in Ireland. Nevertheless, IDA Ireland and Forfás will keep a very close watch on developments when the blue book has been completed at the end of 2004 and the implications become clear in early to mid-2005.

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