Mr. Conor O'Brien:

I was not finished. Can I finish? The pension levy is a double tax. When the pension fund then distributes the income to the pension holder, if they are paying the top rate of tax in Ireland they are paying a further 55%. The Deputy should bear in mind that corporations do not exist. It is a double tax on the profits of investors and by the time one works one's way through the chain and the money comes back in the hands of the investor, they could be up at an 80% tax rate.