Mr. Carlos Martínez Mongay:

Consider the developments in GDP. To what did 2015 revision of GDP lead and by whom was it driven? It was driven by this small number of multinationals that book a series of operations, including intangible assets, in Ireland. The gross value added, including profits, that they booked in Ireland increased by 20% or more. Decisions of multinationals are driven by global production factors, but these factors can change and multinationals can move. In this case, these extraordinary revenues could be used to create a rainy day fund and reduce the debt and deficit.

The November budgetary data that were released yesterday drew my attention. All revenue targets seemed to have been achieved, but mainly because of corporate taxes. Consider VAT. Usually, it is a more stable base, but its revenue target was underachieved.