Mr. Niall Cody:

I think it is well to go back a little also. We operate a self-assessment system. If the company does not come to us, it has to calculate the profits that are attributable to the branch and declare those in its returns. It can do that. Some companies do not come and look for an opinion. Some of the multinational companies have not got an opinion and they calculate their profits. That is what they are obliged to do. What they can do with the opinion is come to us. They can be proactive. They come to us and present a set of circumstances to us and ask if we are happy that it is a reasonable basis for the facts and circumstances of the branch and what takes place in the branch in Ireland. We then engage with the company. We usually ask for more information or we will say we are not happy with one or other part of it and it will go back and revise its position.