David Cullinane (Waterford, Sinn Fein)
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I flew too low is right. In any event, I still think there was a sleight of hand in how the percentage was calculated. Can I ask a quick question about the profits of re-domiciled firms? I am trying to understand that as well. Let us say that company A makes X in profits, and those profits are taxed in Ireland. The economic activity which underpin those profits, the production of the goods, takes place outside of Ireland. However, that is counted, and it is having a distorting effect. Would that be accurate?