Barry O’ Leary, the CEO of IDA Ireland (Industrial Development Agency), discusses the long term impact of the tax changes proposed at the 2013 G8 Summit. As part of the G8's plans, which will be developed at a G-20 summit later this year, multinational corporations would be forced to declare how much tax they pay in each country where they operate.

O’ Leary speaks about how this will affect Ireland and multinational corporations, such as Apple Inc. (NASDAQ: AAPL), operating overseas. IDA Ireland is the agency responsible for attracting foreign direct investment in Ireland.