Mr. Niall Cody:

The company residence rules are essentially set out in legislation. There have been fairly significant changes over the last number of years.

They are a matter of fact. With the change that took place in 2014, all Irish-incorporated companies are essentially now Irish resident unless they are resident in another double taxation agreement country. Since pre-1999, there was essentially a set of rules. Changes took place in 1999 and significant changes happened in 2013 and then in 2014. That is all set in legislation and is a matter of fact. Companies registered in Ireland register with the Companies Registration Office and over the past number of years, we have engaged in a process around balancing the companies registered with the Companies Registration Office and registered for corporation tax. There are some reasons relating to shelf companies, for example, they are not trading. There are forms to be filled out and we look after that process.