Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I cannot comment on the tax affairs of an individual or individual company. Their relationships with the Revenue Commissioners are confidential and I do not have access to the relevant information. I cannot comment on individual cases raised by Deputy Boyd Barrett but can assure him that the low rate of taxation that applied to the Shannon Airport region ended in 2005. As with everywhere else, the region's companies' profits are taxable at a rate of 12.5%. That is the tax rate. While companies may be treated differently abroad, they pay at a rate of 12.5% on profits in Ireland.

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