Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

That is a false comparison. Corporations are different from individuals and income tax is different from corporate tax. They are different regimes. One does not get a valid comparison when one does it that way. One must look at the write-downs and make a case for whether they are justifiable. If they are not justified, the Deputy is correct, but if they are justified with normal accountancy practice to the reasonable person, I do not see the problem.