Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I have not commented on any engagement or action that may have been taken by an individual company in the Paradise Papers, and it is not appropriate for me to do so. However, something that emerges from the papers is that they show how quickly large international companies can respond to changes in tax codes in any jurisdiction and if further efforts are to be made to increase the efficiency and the legitimacy of global tax collection, it must be done on a co-ordinated basis. All countries and all jurisdictions must move in the same direction.

On lobbying, I have already given a commitment to make those records available. I have outlined the rationale. We changed the tax treatment of intellectual property assets in line with what was happening in other jurisdictions with which we could compare ourselves. I entirely reject the Deputy's description of this as a scandal. That change was made for the reasons I outlined but as we were making those changes, the OECD process on how we deal with these matters was under way elsewhere and that was a factor in what took place.

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