Mr. Martin Shanahan:

It probably would mean that the initiative would equalise tax rates somewhat given the way it is structured in order that the differentials between different jurisdictions are reduced. It is an attempt to take tax more and more out of the equation, which, as I said in response to Deputy Deasy, will probably increasingly happen over time anyway and we need to work on the other competitive advantages we have, which influence companies in making decisions. There are many proposals. The Deputy has referred to a specific set of proposals made by President Obama but there have been many proposals on tax reform in the US and other jurisdictions. We cannot respond to everything. People have opinions and they voice them but they have to go through a process and I do not know what the outcome will be in respect of the current set of proposals.