Enda Kenny (Mayo, Fine Gael) | Oireachtas source

Our treatment of residence of companies for tax purposes, as determined by the location of management and control, was settled long before it could have any relevance to current international structures. The structures described have been arranged by US-owned groups of companies in order to take advantage of specific aspects of US tax law and also the differences between the Irish and US approaches to determining the residence of companies for tax purposes.

As already stated, Ireland strongly supports the base erosion and profit shifting project. We are moving to a point where - at least in the context of the discussion on tax at the European Council - there is agreement that there is a requirement for a new international code. To my knowledge, all countries participating at the Council meeting last week accepted that principle. This matter will be discussed again at the June meeting.

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