Mr. Seamus Coffey:

The honest answer is that I do not know. The Senator is correct that the wider debate on corporations is having an impact here and probably political pressures are being placed on certain organisations. The OECD may be making its moves through the base erosion and profit shifting, BEPS, programme. Certain parts of the Commission are undertaking various investigations into the tax practices in various member states. Even the European Parliament has set up a wide-ranging committee that has looked at the issue of corporations' tax practices. Every organisation wants to have their contribution and there is an issue of being involved in the debate. It is a lively debate but whether that is a basis for sound policy is a different question, but there is definitely a significant political element to all of this.