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

I am committed to taking on board all the input I have received from the consultation on the Coffey report to ensure we can continue to have a tax code that is both competitive and deals with issues of international concern.

However, where I differ with the Deputy very strongly is in noting that a deduction is not the same as a loophole. Companies of all natures are entitled and are able to reduce some of their tax liabilities on the basis of economic and business activity that they deliver, and under many of the clauses the Deputy has referred to that is exactly what is happening. On the other side of the balance sheet from what the Deputy has referred to are jobs that are created in Ireland and employment and investment that happens in Ireland. All of this is playing a role in our bringing our economy to full employment later in the year.

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