David McWilliams

But we know, for example, that Ireland...

now is highly dependent on a small amount of American multinationals for a huge amount of our corporation tax.

No, I think the Irish state, to the extent that it has a brain, like there's one functioning person, because I've always felt that...

what is one difficult thing to admit is that there doesn't seem to be any logical coherence in the Irish state.

But look, we do know, right, that it has been leaked and assessed that between three companies, Apple, Microsoft, and Eli Lilly, account for 13 billion euros in tax.

That is 46% of our entire corporate tax bill.

And our entire corporate tax bill is already...

way out of line with the rest of the world.

So in general, your corporation tax should be about 10% of your tax take.

Our corporation tax is 30% of our tax take.

So we're taking already three times more corporation tax than we should do.

And of that...

A sliver of companies, three are paying over half.

Well, there's two things going on here, John.

One is...

the exposure to our fragility of the tax base.

The other thing is what multinationals do to the country, right?

And that comes back to the Dutch disease idea.

The multinationals, because if you work for a multinational, you're going to get paid more, you're going to have much, much better income,

It distorts the labour market, it distorts the rental market.