Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

Before we finish, I want to touch briefly on corporation tax losses. At the end of 2021, there were approximately €242 million of accumulated losses available for offset against profit. I understand how it works, in that losses in this year can be written off against profit next year under the system Revenue has in place, but I have a question about the change. From 1 January this year, as I understand it, companies with a turnover of in excess of €750 million are now into the 15% category. What is the big challenge in that area in terms of that happening? Big companies put a lot of time and effort into accountancy, taxation and looking at those, as well as legalities and everything else. There is huge investment by big corporations in legalities and accountancy and we expect that, but will we see a decline in corporation tax because of that 15% factor? There will be more tax brought in if we are charging 15%, but will companies, especially multinationals, obtain a greater level of expertise and use other practices to try to move money around?