The Finance Minister says Ireland's reputation abroad has been damaged by 'misinformation' about our corporate tax rate.
Michael Noonan was taking questions from TDs at the Finance Committee meeting this morning, during which the subject of the 'Double-Irish' loophole was raised.
The Minister says no 'one small country' can change the tax practices of international companies - but says Ireland's tax policies are transparent.
A Trinity College paper earlier this week claimed that multinationals only paid tax of 2.2% in Ireland in 2011.
Minister Noonan says that is not the case and Ireland's reputation abroad is suffering because of the reports:
Meanwhile, it emerged earlier this month that corporation tax receipts for January were down €11 million on last year.
