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Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: People often forget that distinction. When they look at companies like CEMEX, an international Mexican cement company, they assume that it and other foreign companies are here because of the IDA, but Mr. O'Leary is saying that is not the case. Does he have any idea how many people are employed in foreign companies operating in Ireland that are not IDA clients?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: How can the IDA distinguish between those companies - for example, the banks and financial service providers? Some of them are based in the Irish market while others-----

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: I saw an article a year or two ago which suggested that foreign direct investment by Irish companies abroad is greater than foreign direct investment by overseas companies in Ireland. Is that correct? Is the level of investment by Irish companies abroad greater than the level of foreign direct investment in Ireland?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: What is UNTAG?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: Will Mr. O'Leary send us information on the figures?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: A major part of Mr. O'Leary's role is to try to have some of the Irish companies that invest abroad locate their investment here. Obviously, the Kerry Co-operative facility in County Kildare is an example of a project that could have moved abroad.

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: I do not want to focus on the controversy about the payment of tax by multinationals. However, will Mr. O'Leary outline the level of engagement between IDA Ireland and the Department of Finance prior to the budget? Is there a structure in place for liaising with IDA Ireland? I recall two minor issues that arose last year. A tax incentive was given to the employees of Irish companies...

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: Is the process conducted in writing?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: Do the parties meet to discuss it?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: On the issue of paying education fees for the children of executives coming to Ireland-----

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: That is what I would have expected. I wonder why we went through the hoo-ha.

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: How much is paid to attract companies to invest in the regions?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: Is the figure large - is it in the single or double digit figures?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: Will Mr. O'Leary provide a breakdown between counties as to the level of inducements offered?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: I know that IDA Ireland concentrates on attracting companies to Ireland, not to individual regions. It is a victory to get companies to locate in Ireland, whether in Dublin or elsewhere, but does IDA Ireland have a strategy for counties where no companies have located in recent times? I am sure Mr. O'Leary knows I am from Portlaoise and that no jobs have been created in County Laois in the...

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: For the regions that have not benefited from direct investment, what can be done to make them more attractive to investors?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: There are 22,000 people working in the pharmaceutical sector. IDA Ireland has done very well in bringing the pharmaceutical sector to Ireland, but when it comes to the HSE purchasing pharmaceuticals, it pays three to four times as much as what is paid for these products in Northern Ireland. A product that one will pay €7 in Northern Ireland will cost €30 in Dublin. It is my...

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: We will raise the issue of linking up between the IDA and the Department of Health. What we spend on medicines in Ireland produced by the IDA's client companies is a big item. Perhaps Mr. O'Leary can have a word with them at some stage.

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: So Mr. O'Leary feels we cannot do anything on that. There is a provision of €8 million for doubtful debts. What is that about?

Public Accounts Committee: Annual Report and Accounts 2012: Discussion with IDA Ireland (19 Sep 2013)

Seán Fleming: Is that repayable grants that cannot be repaid?

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