Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

No. What it affects is the timing upon which the allowances could be drawn down. So, at a point in time, when the depreciation reliefs that are available are gone, the Irish State will receive more tax. What I am trying to do here is smooth out the tax in income that will be available to the State over a longer time period to make them more sustainable. It is my assessment that moving to an 80% rate will allow that to happen. As opposed to us receiving a large amount of additional taxation at a point in the future, granted this assumes that companies still exist, as opposed to us moving to that scenario where there is a big amount in the future and nothing in between, I am trying to get to a point where we can smooth out the tax revenues that are available and post some of that forward. The provision is not going to affect the total amount of tax liability that is available to the State over the lifespan of the asset.