Mr. Derek Moran:

In terms of the report, the Deputy is correct that Oxfam has been invited in to meet officials in order to go through the analysis to get a better handle on it. On an initial look, it appears as if some of the estimations of profits are based on filings for items and subsequent calculations made which have nothing to do with tax. A number of years ago we asked Seamus Coffey to look at the Revenue files on tax returns and to calculate what the effective corporate tax rate would be. His analysis showed that it was somewhere in the range of 10.5% or 11%, which is much closer to the 12% that has been presented. We are bringing Oxfam in and we do need to get behind it. We also need to understand the analytical work behind it and how those rates are determined before anything else can be said. I agree that these things are damaging to our reputation. It is not just one thing, but a drip feed of many things. That is why it is important to make sure that the factual position is established.

On the Brexit impact assessment, my colleagues on the economic side have been involved very heavily with the ESRI and, indeed, published a Brexit impact analysis some time ago. Perhaps Mr. McCarthy can say more about that.