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Dáil
‹ Ceisteanna—Questions. Oral Answers. - Research and Development Expenditure.

Multinational Profits for Irish Research

Summary

Taylor urged the Minister to press multinationals to retain profits in Ireland for R&D rather than repatriating them; McCarthy said the Government would encourage them to establish research facilities here.

Is the Minister prepared to give a clear-cut commitment to the House that he will tackle the multinationals and induce them to stop repatriating all their profits down the black hole and retain a substantial proportion in this country for research and development purposes? Will the Minister give an assurance that he will tackle them in a positive way on that subject now?

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We will give the multinationals every encouragement by all possible means to ensure that they set up their research and development facilities here.

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