Mr. Gary Tobin:

I thank Deputy Hourigan for the question. Certainly, much is happening at EU level with regard to taxation at the moment. Obviously, the BEPS process is happening at the OECD. In many ways, the OECD process is a multilateral process that will inform the EU process. Some of what is happening at EU level, therefore, will probably only kick in once the OECD has completed its work, as the Deputy will be aware.

The subcommittee on tax matters mentioned by the Deputy has been set up. As I understand it, it is a subcommittee of the European Parliament. Currently, as things stand, the European Parliament does not have any jurisdiction with regard to taxation matters at the EU level. It is a matter for the Council.