Kieran O'Donnell (Fine Gael) | Oireachtas source

Is there sufficient scope within the current OECD proposals to address this matter on a worldwide basis? If the current OECD proposals are insufficient, what are the areas that need to be broadened within the OECD to provide a global competitive solution? Tagging on that, I refer to more flexible economies like Ireland. We are exceptionally flexible. We have a small, open economy. Is there not an inherent flaw in the CCCTB about taxing on the basis of where sales are made rather than where they are generated? In effect, there is an unfair disadvantage being imposed on countries which are flexible and progressive in terms of moving with modern ways of doing business whereas the CCCTB is, in fact, an antiquated proposal as to how to tax. It penalises countries which are progressive in terms of going out there to get business and it leans in the main towards taxing on where sales are actually destinated. That is not where the economic activity comes from. It is a wider question. I ask the witnesses to address the OECD.