Tommy Broughan (Dublin Bay North, Independent) | Oireachtas source

I welcome our colleagues from Revenue and the Department of Finance. A key concern we have is the sustainability of corporation tax receipts in being able to frame upcoming budgets. I will focus on three points, namely, the 2015 figures, the issue of trading losses and the cost of research and development tax credits. On 2015 and Mr. Walsh's presentation, the huge jump in capital allowances claimed in 2015 relates to levels of profits as IP was moved back into our State.

Is that the actual relationship? Is that what happened?