Mr. Ronan Hession:

What we would say is if they are operating here, they are paying 12.5% on their activities here. That is the statutory tax rate. That is what they have to pay. What tax they owe elsewhere in the world and whether it is getting paid in other jurisdictions will remain a question for those other jurisdictions. Under the common base, they can look within the European Union but obviously the tax affairs of international companies that have business activities broader than the EU fall to be considered by other jurisdictions.