Gerald Nash (Louth, Labour) | Oireachtas source

I would be interested in establishing, insofar as the Minister can, what kind of prior knowledge Revenue had of this kind of arrangement? Has it signed off on it? Generally speaking, to the best of my knowledge and experience, Revenue would have knowledge of arrangements of this nature. Given the scale of the company, one would imagine Revenue keeps a very close eye on these kinds of operations. Can we be absolutely reassured that there are no other firms incorporated in Ireland using these kinds of structures to dodge and avoid their corporation tax bills either in Ireland or elsewhere? The Minister is right; Christian Aid does acknowledge in its report that the competent authority agreement has worked effectively, to a point, in that it appears there are only a small handful of companies taking advantage of these kinds of arrangements now. However, should we tolerate four companies taking advantage of this kind of arrangement? I do not think so.

See this speech in context