Peter Mathews (Dublin South, Fine Gael) | Oireachtas source

I will pre-excuse myself as I must leave to take the Chair in the Dáil Chamber for 45 minutes. I thank Mr. Tobin for his attendance. Had a company based in Cork called ABC Limited operations in Poland, Italy and France, at present it would fall to be assessed for corporation tax in the aforementioned three jurisdictions because the company would have operational residency therein. Really, were CCCTB to be introduced while the old regime also obtained, there would be a two-speed tax system for corporates. That is one point to explain to people. It could be a transitional arrangement or whatever.