Mr. Pierre Moscovici:

The apportionment formula is based on a tried and tested formula, which has been used in the USA, as well as being shaped in Canada and Japan. Given that the factors are directly linked to where profit is generated, it fairly reflects where the value is created. It is also very difficult to manipulate in terms of companies that want to evade taxation.

The Commission has put forward what it considers to be the best proposals for all member states, large and small.