Mr. Brian Keegan:

The Deputy makes a very good point. It seems to be accepted, no matter what the forum, that the striking of the tax rate is a sovereign matter, whether the rate is 12.5%, 20%, 35% or even 0%. It seems that there has been a considerable effort on the international front to establish a network of what are called "tax information exchange agreements". These fall short of full double taxation agreements and constitute arrangements with very low tax countries to provide information on request for other nations. Ireland is certainly involved in that network. There have, therefore, been some developments in that regard.

That is a development everyone would like to see.