Mr. Charlie McCreevy:

Well, I have seen ... there's a chart somewhere else about pro-cyclical taxes which came to me some day before the committee. Like, I would ... some what are regarded as pro-cyclical taxes, I'm not too sure they are pro-cyclical taxes. For example, capital acquisitions tax, I'm not too sure whether you call that pro-cyclical tax. I don't know whether you should call corporation tax as a pro-cyclical tax.