Dr. Jim Stewart:

I think the committee is wrong. CCTB and CCCTB is a rational way of organising the intra-country allocation of profits. The OECD, unfortunately, has gone down the route of setting prices at arm's length. Most trade that takes place in Ireland is within the firm and most of the trade takes place within the firm in monopolistic or oligopolistic-type structures, such as Google and Apple. Determining the arm's length price is very difficult and subject to massive litigation. It is out of date and a formulary approach, such as the CCTB, is a much more rational way of organising that.

By the way, the tax rate in Ireland would remain the same. We could still have different tax rates.