Mr. Seamus Coffey:

I think the implementation of the CCCTB is very unlikely. It is currently a proposal at European Commission level but we are not sure what political or country support there is for it. Even if it is to get as far as a recommendation to the European Council, we are not sure what it will entail. We have the current proposal which is based on assets, employees and sales. If there were to be an ultimate proposal, we are not quite sure what it would involve. All of that said, I think it is unlikely.