Mr. Liam Lynch:

The point I made was that anything that comes out of the BEPS process needs to be practical and capable of implementation. I did not say that it was not capable and our scepticism is not that it will happen but rather that something of an evolutionary nature will stand a greater chance.
With regard to fair tax competition, countries and regions have different strengths and different attractions vis-à-visone another. When we look at the centre, it has a certain attraction compared to the periphery with regard to economic activity. Ireland has been very successful in using fair tax competition associated with the 12.5% tax rate and using it as part of what we have overall to attract hundreds of thousands of jobs to Ireland. It is a model for the way the periphery and the centre can interact without imposing a single rate or a centralised regime for everything.