Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

My final question concerns our corporation tax competitiveness as a country. While there is an important debate taking place in Ireland on the amount of tax multinationals pay and the role Ireland might play in multinationals reducing their corporation tax bills, it seems that our nearest neighbour and competitor, the United Kingdom, has significantly upped its game in terms of its corporation tax offering, with the patent box and the headline rate being reduced. What I am picking up from large companies and multinationals is that Ireland is beginning to lose out in investment decisions. It is no longer the destination of choice and our corporation tax rate is no longer giving us the critical edge that it used to do in the past. Can we hear Ms O'Brien's assessment and what she is picking up from her clients about what is happening?