Gerry Horkan (Fianna Fail) | Oireachtas source

I thank Ms O'Brien and Mr. Coffey for their presentations which teased out many of the points we wanted to cover. To summarise and maybe cover points not dealt with, we are dealing with a narrower base than we had before, more generous expense deductions and various other issues, such as deductions for increases in equity and exemptions for foreign dividend income and cross-border losses, yet we are saying we do not have scope as a nation to increase our corporation tax rate, and we would not want the message to go out that we want to increase it.

Clearly, even before we start reapportioning the three one thirds, and all the rest, we will have a lower base to start from. Is that correct?