Oireachtas Joint and Select Committees
Tuesday, 13 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Scrutiny of EU Legislative Proposals (Resumed).
2:35 pm
Ms Cora O'Brien:
Yes, that is correct. The logic Europe is trying to apply is that it is reallocating all the profits that arise in the EU, even if they come from non-EU sources. Therefore, it can take non-EU profits that countries earn and the pie is thereby increased for non-EU sales, which are redistributed. In overall terms-----
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