The arrival of a proposed 1,655sq metre Aldi store in Killaloe, Co Clare, would generate a turnover of €9.12m in 2018, according to the promoters.

Multinationals should pay a withholding tax before moving their profits out of EU countries to ensure they are being taxed somewhere, according to a draft report from the European Parliament.

The government in Australia has announced a world- leading crackdown on alleged tax avoidance by 30 multinational companies in a move that could force the likes of Apple and Microsoft to restructure to escape huge penalties.

Ireland has an infrastructure constraint that is hampering regions such as Cork in continuing to attract multinational companies to our shores.