Mr. Rónán Hession:

I will make some general comments and if any Revenue colleagues have anything to add, they might speak after me.

This is an issue that has been raised previously in the context of the Finance Bill and the discussions about the use of losses. With a significant amount of losses, we do not have a provision for a minimum payment. In terms of the treatment of losses and their being carried forward, we are in line with international practice.

In terms of the financial sector, the Deputy will be aware of the changes made for the pillar banks a number of years ago whereby they were limited in their use of losses. They are also subject to the bank levy to ensure there is a-----