Olwyn Enright (Laois-Offaly, Fine Gael)
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Question 52: To ask the Minister for Finance if reports of a stricter interpretation of tax rules for US parent companies located abroad have been investigated; and the potential impact on Ireland. [12513/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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As I have indicated in previous replies to questions of a similar nature, the interpretation of domestic tax rules is a matter for the relevant authorities of the country concerned. In respect of the normal administration of taxes in Ireland and the US, the relevant double taxation convention between both countries allows for the exchange of information concerning the taxes covered by the convention.

As I indicated in response to Question No. 129 of 13 December 2005, I understand that there are currently no outstanding issues from the US authorities in this regard. Finally, I understand that the IDA, which regularly monitors international tax changes, is not aware of any recent change in US tax law that has negatively affected Ireland or has resulted in significant concern being raised by existing US companies located in Ireland.