Feargal Quinn (Independent) | Oireachtas source

I thank Ms Breheny for that explanation. The Irish Venture Capital Association has undertaken a very exciting project. Some of those figures are way beyond anything most of us would have known about. My main query is competition from abroad. Ms Breheny mentioned that the British are involved in tax competition. I remember some years ago a tax was introduced in Ireland which did not apply in Britain. We fought a very hard battle and managed to convince the Government that it made no sense in a marketplace where there was international competition to have a tax here which did not apply elsewhere because capital would automatically shift. Will Ms Breheny touch on the effect of our tax regime on somebody coming to invest in Ireland or on somebody already in Ireland and on the choice of whether to go north of the Border, to Britain and somewhere else? What are the tax implications?