Dinny McGinley (Donegal South West, Fine Gael)
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Question 46: To ask the Minister for Finance his latest assessment of tax changes in the USA which might adversely affect Irish interests; the initiatives he has taken to try to pre-empt such moves; and if he will make a statement on the matter. [27936/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I think it is important to understand that the proposals announced earlier this year by the US Administration amount to changes to the existing system of deferral rather than abolishing it completely. Furthermore, because the proposals would represent a significant change to the current system for US multinationals operating overseas, they will be subject to detailed discussion and debate in Congress over the coming months.

My Department in conjunction with the Department of Enterprise, Trade and Employment and the IDA are working in close collaboration with the Embassy in seeking to address the various policy proposals. Issues that may have implications for Ireland are the subject of focussed discussion with US policymakers within the overall framework of a shared commitment to promoting the consolidation and growth of our economic relationship. Our Embassy in Washington is continuing to engage with the Administration and with Congress with a view to ensuring that our very positive experience of substantive investment by US companies competing in Europe and globally using Ireland as a base feeds into consideration of this issue by the Administration and by Congress. The Embassy is being assisted in that regard by the deployment of a senior IDA executive to Washington to engage with the issue.