Ms Cora O'Brien:

In putting forward the proposals, the Commission has said it has two objectives, namely, to tackle tax avoidance and promote growth. My view is that there is nothing in this proposal that does anything to tackle tax avoidance beyond all the measures already being carried out elsewhere by the EU and the OECD. Therefore, it does not contribute anything to the tackling of tax avoidance. I certainly do not think it promotes growth, especially having listened to the presentation we have heard. It therefore does not meet its own objectives, if that answers the question about subsidiarity and whether there is a reason to have it.