Mr. Seamus Coffey:

Yes. The CCCTB itself is simply the reallocation of taxing rights; it does not necessarily increase them. The moves in the anti-tax avoidance directive are far more effective in addressing some of the problems that have emerged in trade between countries but the CCCTB on its own does not address them. That is why the EU has, in a sense, bundled all of this together. The anti-tax avoidance directive was there already.