Michael McGrath (Cork South Central, Fianna Fail)
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I refer to the relationship between BEPS and CCCTB. Some of the original proposals from CCCTB involve a redistribution of where profits would be taxable and that the redistribution among countries would be based on their market share in that country, the employee headcount, where the turnover was generated, so it would strike me as a potential threat to Ireland, given that we are boxing well above our weight in terms of foreign direct investment and multinational presence. Is there a relationship between that aspect of BEPS which is looking at profit shifting and CCCTB, which is trying to define a methodology of where multinational profits should be taxed in different jurisdictions based on the metrics I outlined?