Michael McGrath (Cork South Central, Fianna Fail)

The Minister opened up my supplementary question on the related issue of the base, changes to which could result in corporate profits currently taxed here being taxed in another European jurisdiction. What is the current position on these discussions?

During the recent summit of the European Council, there were suggestions that the issue of the base was now the quid pro quo for a reduction in the interest rate on the bailout. Can the Minister confirm if the discussions between our officials and European officials is focused on that issue?

See this speech in context