Dara Murphy (Cork North Central, Fine Gael)
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I just wanted to clarify whether there was a buffer between the two. Mr. Tobin has mentioned that a great deal of work has historically been done on the issue of double taxation. There is no doubt that there is now a move towards reaching the point at which no tax is paid. From a selfish Irish point of view, we have been extremely successful with the rate. What ongoing work is taking place globally to prepare for moving to the point at which corporations will have to pay tax somewhere? Have we started to position ourselves to retain our competitive advantage? There is competition between countries as companies examine tax regimes and we know that a move will take place globally. Are we positioning ourselves to continue to be No. 1 in the world, which is where we are according to some of the tables we have seen?