Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome both MEPs. I will focus on two issues. One is the issue at hand this morning, namely, the digital services tax proposals from the Commission, while the second is on non-performing loans. The digital tax strikes me as a fundamental shift in the operation of taxation across the European Union. It is currently a matter for each member state and there is a veto, as both witnesses said. However, taxing companies on a pan-European basis is a significant shift and it could be the start of more to come. We have spoken a little about the CCCTB but this is a move away from the system based on tax residency that currently obtains. Can the witnesses give us a sense of the timeframes for these proposals, COM (2018) 0147 and COM (2018) 0148? They were only published in March. When will they go before the European Council for decision?