Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Reliefs and credits. In the document, however, they look pretty huge. The document provides the most recent figures, for 2020, with €193 billion in gross trading profits. After allowances and losses forward, the taxable figure goes down to €114 billion. The amount to be taxed drops by 70% or 80%. Mr. Coffey is probably better at maths than I am. It drops by an enormous amount. It is almost halved. It is slightly less than halved but it is a significant fall. Am I right in saying that a lot of that is the royalties and so on that are being paid by companies to their own subsidiaries? Is that still what a lot of it is?