Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We have had this debate for a number of years now. Others, including professors of economics and the former chairman of the Irish Fiscal Advisory Council, have added their weight to the debate. The Minister blatantly refuses to do as proposed. One could refer to the existing arrangement as a loophole, but loopholes are not supposed to be designed. The arrangement is deliberately designed. We are aware it exists in our tax law. It benefits one company, in particular. It allows it to reduce its tax liability by millions of euro, or possibly hundreds of millions of euro. The benefit of the change would be that it would yield more than €700 million per year.

See this speech in context