As someone who works in the tech sector in Ireland I personally think now is the right time to be closing this particular loophole. It has run its useful course

As someone who works in the tech sector in Ireland I personally think now is the right time to be closing this particular loophole. It has run its useful course. It has become a mechanism for huge profits to be shuffled around virtually untaxed by organisations with a scale large enough to employ teams simply to exploit it. It's not a realistic proposition for SMEs to manage the level of international complexity it involves, particularly when you include the Dutch sandwich. It's an unfair and unbalanced advantage to large multinationals. I disagree with others that companies should not have to pay corporation tax. I don't believe it is double taxation. Corporation tax is not charged on employee income, thats an operational expense and the tax on income is paid by the employee relative to their own tax status. Also, tax on dividends is effectively a personal income tax. Dividend tax is not liable on dividends paid to other Irish resident companies, amongst many other sensible exemptions. Corporation tax is charged on the trading profit of a corporate entity, not its revenue. Also, it's worth pointing out that if a company has paid corporation tax in previous years in Ireland and then reports a loss they may be entitled to a refund. A side note on FDI implications. Yes the "double Irish" has played a role but it's by no means the only reason large multinationals locate here. The new "Knowledge Box" structure in conjunction with our relatively low corporate tax rate of 12.5%, the tax credits for Research and Development related activities, our membership of the EU and Eurozone, the ability of companies to deal directly with the highest levels of government, the fact we natively speak English, the fact we're culturally similar to the US and UK, the fact we have a timezone which overlaps for at least part of the day with almost everywhere in the US and that we have a statistically young and educated workforce all contribute to attracting tech companies here. Thats before we even consider the efforts of the IDA (and Enterprise Ireland at a domestic level) who IMHO are superb national assets. I think that if we can restructure our tax rules so that "Ireland Inc" gains even a fraction more revenue from the multinationals operating here whilst retaining our international competitiveness, then it's unquestionably the smart thing to do.