Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

I thank the Minister. I know he is considering these matters in the round for the budget, and we are raising them in that spirit. There is an opportunity to enhance people's lives by continuing remote working, which can reduce costs for employers and free up property, particularly in city centres, for repurposing for residential use, which would be attractive.

In terms of employment and taxes accruing, Ireland has benefited considerably from the relocation of financial services firms. Under regulatory requirements, the permanent place of establishment, where board meetings are held, tax treatments and the place of effective management are criteria in determining which territory has primary taxation rights. The OECD relaxed the rules considerably in January, so the situation has changed over time. My concern is that local tax rules take account of these changes and that we not unduly lose employment in the sector.

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