Mr. Seamus Coffey:

Yes, implementation will happen through the EU. I am not necessarily sure that I agree we have ceded twice. We could potentially have done so if the words "at least" had remained in the OECD agreement. Then there would be another round of negotiation at EU level to establish what we think "at least 15%" means.

It could have been a different rate. The EU could have decided that, at EU level, that means 17.5% or 20%.