Enda Kenny (Mayo, Fine Gael) | Oireachtas source

The point is that we cannot tax profits that are properly attributable to other jurisdictions. The Deputy does not seem to believe the European Commission's report on taxation trends in the EU in 2013 which indicates an effective rate of 14.4% in Ireland, nor does he believe the PricewaterhouseCoopers report which shows an effective rate of 12.3% in Ireland. We are fully engaged. The Minister for Finance in the budget changed the legislation in respect of stateless companies because of the perceptional damage to our country. The 12.5% rate is very clear and is in legislation. The Revenue Commissioners publish the methodology, and the Revenue statistical report for 2012, which I am sure the Deputy will believe, refers to 2011 and, taking account of charges and deductions, amounted to €40 billion-----

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