Peter Burke (Longford-Westmeath, Fine Gael)
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On a simple tax matter that gets into difficulty, the witnesses are saying that a company would have to go to the European Court of Justice. That is incredible. We are overcomplicating this. Essentially, we are creating 27 tax bases and increasing bureaucracy and the costs on business. A consolidated accounting profit in consolidated accounts is different from a CCCTB. We are creating an extra layer of problems for a business. There is no flexibility to deal with local and national issues. Primary tax policy has to respond to those. That is one of its main objectives with a view to delivering for the people in a state. As such, the CCCTB would cause Ireland serious trouble. We are sensitive to foreign direct investment and we want fair tax rules, but what I have heard today concerns me in that regard.