Mick Wallace (Wexford, Independent) | Oireachtas source

LinkedIn recently opened a 17,000 sq. m building in Dublin as the company's headquarters for Europe, the Middle East and Africa. The Taoiseach was present at the opening and said, "The Government is committed to maintaining our stable and competitive corporation tax regime, and our strong incentives for research and development, so we can continue to attract and retain inward investment and create high-quality jobs".

It appears that our corporation tax rate is not what is attractive for LinkedIn but, rather, our 73 double tax treaties. In March 2017, LinkedIn registered LinkedIn IP Holdings. The company is registered in Ireland, its place of business is an office in Valletta in Malta and the company's registered secretary is a Maltese national. It can, therefore, avail of the benefits of the double taxation treaty between Ireland and Malta even when the double Irish is finally phased out.

The Minister said he is not interested in a race to the bottom. I do not think he has had the time to read it yet, but I recently gave him The Darker Nationsby Vijay Prashad. He will probably get to read it after the election during Christmas.

See this speech in context