Mr. Andrew Coonan:

I thank Senator Mooney and Deputy Ferris for their questions. On the tax issue, regarding what Ms Byrne and my colleagues have said, what is not disputed is that Ireland has the lowest betting tax regime in place at 1%. That is being reflective of what prevails in our nearest neighbour in the UK and other racing industries throughout the world. That is undisputed. That is the reason we are in the difficulty we are in with regard to funding. That must be addressed but I accept the Chairman's point that it is a matter for another Bill on another day but it is relevant to the self-sufficiency of the business.