Gerry Horkan (Fianna Fail) | Oireachtas source

Both Ms O'Brien and Mr. Coffey have made the point that it is a very significant undermining of our tax sovereignty, in particular our genuine sovereignty in regard to how we determine our own future. If we are going to lose the figures Mr. Coffey is quoting, and it was not just pharma he was referring to in his concluding paragraph but also the US multinationals generally, that is an enormous percentage of our tax take disappearing overnight if CCCTB is implemented. I know we do not have great visibility on the numbers but Mr. Coffey is being relatively prudent in the calculations he is making.