Frances Fitzgerald (Dublin Mid West, Fine Gael) | Oireachtas source

Ireland continues to take a very active part in that global work to reform the international corporate tax system. The publication, for example, of the OECD base erosion and profit shifting, BEPS, report in October 2015 was a significant milestone in this work. From the beginning a key aim of the BEPS project has been to better align the right to tax with real economic substance. That is important in regard to the many international companies we have here, which have real substance in terms of their commitment to this country, the number of their employees and the contribution they make to the Irish economy. This is real; this has substance. We want to make sure the key outcomes of the BEPS project align with our tax strategy. We have fully committed to that process, which is very important, and we are playing our full part in its implementation. The Minister for Finance and the Taoiseach have made that very clear again and again.

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