In the past, we discussed matters relating to section 110 companies and the use or misuse by them of charitable trusts. In light of the GDP figures, what will the Government do in respect of the facilities it has enabled within the tax code? An example is the use of section 110 companies by aircraft leasing firms, which means they are tax-neutral. The Tánaiste knows that the GDP figures have been boosted primarily as a result of the aircraft leasing sector. Despite her claims that this creates so many jobs, the number of direct jobs provided is 700, despite the fact that these firms lease more than half of all aircraft throughout the world.

This is what is happening here. It should not be about blaming the CSO, which is the referee in this. It is about whether the Government will ensure the assets taken onshore by these companies will be taxed appropriately so we get the benefit of them. This is something that has happened every single year. In 2014, our EU contribution went up by €16 million. In 2013 it was about €55 million and in 2012 it went up again. We have been a lone voice in this House raising this issue year on year. Given the CSO readjustment, it is time for the Government to take decisive action and close some of the loopholes that exist.

In reply to the Deputy previously on this issue I said that Revenue and the Department of Finance were examining section 110 in the context in which we discussed it. I have no doubt the Minister for Finance, in view of the figures that were published, will be making further contributions on that particular aspect of the figures in the course of the budgetary discussions with the new budgetary committee and in the lead up to the budget.