Mr. Niall Cody:

As I said earlier, I am of the view that there are fine lines. Depending on who is sitting in this chair answering the question, there will probably be different interpretations. We actively look at cases whereby, as we see it, people have stepped over the line between tax planning and tax avoidance. In many cases it is ultimately determined by the courts. The courts probably find in our favour more often than not. However, that verdict comes in the aftermath of a very long process. I have spoken to this committee before about tax avoidance and our approach to it. I know my predecessors have all had that position . Various practitioners are of the view that we are obsessed with tax avoidance and that tax avoidance does not happen at all.