Thursday, 30 May 2013

Questions (120)

Peadar Tóibín

Question:

120. Deputy Peadar Tóibín asked the Minister for Jobs, Enterprise and Innovation if he will make public any representations by the Industrial Development Agency in regard to the operation of the Irish registered non-resident companies. [26383/13]

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Written answers (Question to Jobs)

IDA Ireland is the agency with statutory responsibility for the attraction of foreign direct investment (FDI) to Ireland and its regions. In executing its mandate, IDA Ireland engages with corporate entities, as the primary decision makers around FDI investment. The Agency's key focus is on maximising the level of economic activity and substance in Ireland from these corporations. IDA Ireland is a marketing organisation not a tax advisory body. In the course of its engagement with client companies, IDA Ireland provides general information to companies on the Irish tax regime while companies and their financial advisors engage separately and directly with the Revenue Commissioners, as required. In my regular meetings with the Chairman and Chief Executive of IDA Ireland a broad range of issues are discussed, including matters that are of concern to the Agency’s client companies. For reasons of client confidentiality and commercial sensitivity details of these discussions are not divulged to third parties. I can confirm, however, that I have had no meetings with representatives of IDA Ireland on the issue of the operation of Irish registered non-resident companies.

Question No. 121 answered with Question No. 115.