Mr. Seamus McCarthy:

We need to focus on the tax forgone in a particular year. The targeted audits are looking at multiple years and relating collections for multiple years to the tax forgone in an individual year is probably a complication there.

We have, in a number of reports over the years, championed the importance of the random audits to try to give us some sort of a fix on what is the level of tax foregone in an individual year. Essentially, it is useful to Revenue to be able to say the level of activity we have targeted is capable of being expanded and of yielding more revenue. To me, it is a useful technique, a useful tool and a useful estimate. It is valuable over time to see that if there is a deterioration, if it goes to 3% or 4% as it might do, at least we could then signal that more effort is needed on targeted-----