David Cullinane (Waterford, Sinn Fein)
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141. To ask the Minister for Finance if he is aware of media reports that the Brazilian authorities have designated Ireland as a tax haven and what such a ruling means (details supplied); if the media reports are correct, the effect this ruling will have on the recent announcement by a company (details supplied) that it was moving its parent company to Dublin; and if he will make a statement on the matter. [26735/16]

Michael Noonan (Limerick City, Fine Gael)
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I was surprised to learn that the Brazilian Federal Revenue Service included Ireland on Brazil's tax black list. Our Ambassador in Brazil is in contact with the Brazilian Revenue Service and is seeking our removal from the list as soon as possible.

We strongly reject any allegations that we are a tax haven. We do not meet any of the international standards for being considered a tax haven and are fully compliant with all international best practices in the areas of tax transparency and exchange of information. 

Our corporate tax policies are designed to attract real and substantive operations to Ireland.  We have not been and will never will be a brass-plate location.  We only have and want real substantive FDI, the kind that brings real jobs and investment into Ireland. 

We have not been given a clear explanation as to why Brazil made this decision.  

I cannot comment on any individual company.