Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

The effective corporation tax rate is too low. It is an international joke. It is a serious issue when, during the Taoiseach's travels to California, senior politicians joke that Ireland is considered to be an international corporation tax haven. Our reputation is low as a result. The Minister of State is correct in stating that, comparatively, there is a small number of employees working in the FDI sector, but this small number of firms account for two thirds of headline exports. We should know by this stage that when we localise the entire economy in a small sector, when we put all our eggs in one basket, as the previous Government did in the case of the property market, it causes problems. A healthy economy is a balanced one. It is one in which a large volume of exports come from the indigenous sector.

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