Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

As it is laid out in the draft proposal from 2011, which has now been refurbished and brought back on the system, the CCCTB will not, and in a way cannot, have any impact on the multi-million and multi-billion euro corporations which are operating in third jurisdictions outside the member states. It will not have any impact on those, and it is not solving that problem, which the EU is hugely concerned about. The Commission has, rightly, engaged with us as a country very forcefully and robustly as of late to close tax loopholes. We have been a leader in dealing with base erosion and profit shifting. It is very concerning that the Commission is proposing to solve a problem, which it is not.