"Ireland only taxes the profits of such enterprises [petroleum exploration and production]. There is no per unit tax or levy as in other countries and Ireland's tax rate is relatively low. The State also does not take an ownership stake in the field or demand royalties. Thus on this basis, Ireland's tax regime is generous in comparison to that of other countries. "
Also, at that time there was a strike in the Porcupine Basin which was capped and left there... We do not know what was there. .... I will not sit here and be a hypocrite. I do not trust the operators. From the evidence that I have seen, both nationally and internationally, I do not think anybody could trust them. What we need is transparency and honesty. What we need are benefits to the Irish people and for the Exchequer from the exploration of Irish resources.
