Mr. Niall Cody:

It is our responsibility to bring the issues to the attention of the policy makers. If one looks at where Revenue is coming from and how we look at things, we see tax abuse and tax avoidance and we bring it to the policy makers' attention. Other people see those things as fully acceptable tax planning. If Revenue could determine the policy, then the Finance Bill would probably be far busier with provisions to close off structures that we do not like. There is, however, a whole policy dimension to be applied to all of this. Revenue does not have the monopoly on the view of what is acceptable tax planning or aggressive tax avoidance. There is a spectrum and one could invite plenty of practitioners into the committee and they would say that it is the purpose of the way the system is structured.