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Apr, 2011

Ms Feehily is certainly going to be very busy next year if she hopes to complete even a smidgeon of the busy schedule she has set for herself and her staff. According to The Sunday Independent, she is also intent on clamping down on corporate transfer pricing, which allows multinationals to book profits in lower-tax regimes.

“The finance minister introduced transfer pricing legislation last year,” she said. “That legislation will enable us to look at doing a small number of transfer pricing audits later this year.”

Transfer pricing is a hot potato politically and Ireland is keen to show it shouldn’t be bracketed among the tax havens of the world.

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