Mr. A.J. Noonan:

We were asked what measures could be taken to increase employment. The first answer would be to reduce taxation.

The second would be to introduce PRSI incentives for employers to take on employees. Deputy Tóibín and I have had many discussions on public procurement. A 1% increase in public procurement in Ireland would create 1,500 jobs. That would be a good thing. Capital gains tax relief could be introduced for companies disposing of assets. Increased mergers and acquisitions and increased transactions would increase the opportunities for businesses to be transferred, allowing a new generation to take over and grow. They are my initial comments; I can go into more detail if the committee wishes.