Dr. Tom McDonnell:

Could I make a point about recommendation 9.1? It states it endorses the current corporate tax strategy. Ireland was long a dissenter in terms of the international process and worked hard to keep the rate as low as possible. It is the case that in lesser developed countries, LDCs, from an economic perspective, it is often very difficult to raise receipts from non-corporates, so therefore there is a concern that if the global corporation tax standard becomes 15%, which is much lower than it would be in many LDCs, that may have a negative impact upon their revenue yield in the long term, which could be detrimental. I ask members to note that point on the record that Ireland's particular stance in terms of corporation tax strategy would be a concern from an international solidarity perspective.