Mr. Conor O'Brien:

The first suggestion, that there be 12.5% charged on that gross profit number in those Revenue statistics which excludes matters such as certain royalty payments and interest payments, which are payments which pretty much everywhere else in the world are deductible because they are viewed as being normal expenses of earning the profits of one's business, would be in a corporation tax context very unusual. I am not aware of that in a corporation tax context. Deputy Boyd Barrett is correct that there are alternative minimum taxes, and we have one in Ireland on income tax. However, on corporation tax, that would be exceptional, and it would be exceptionally adverse in that one would not be allowing deductions that everywhere else in the world allows.