Mr. Ronan Hession:

Regarding the overall package, the priority arising from the Slovak Presidency of the Council of the European Union was the hybrid element. The Slovak Presidency has prioritised this as distinct from the CCCTB components. It will be for the next presidencies, Maltese and then Estonian, to determine their priorities. I expect there will be some focus from the Maltese Presidency on dispute resolution, but the CCCTB will go in parallel with this. Much analysis is being carried out in other member states of how it affects their bases, revisiting what position these Governments will take. For now, there is not huge visibility of where the member states will go or the appetite for this. Because of the questions surrounding subsidiarity and reasoned opinions, it is the parliaments that are probably dealing with this issue ahead of some of the governments. My expectation is that this will proceed cautiously through the next few presidencies. As I said, we are doing preliminary work with our colleagues in the Revenue Commissioners, and once we get to a certain point, we need to carry out an assessment of whether we need a more specialist piece of work, which we may have to commission from outside, to give us the kind of breakdowns we feel we need to feed into policy makers.