Mr. Ian Talbot:

We keep coming back to these recommendations. Some of it is because of comparisons with the United Kingdom. We can expect the UK to be even more aggressive in the taxation area as Brexit moves ahead, so we need to be cognisant of our immediate competitors. If we look at areas such as productivity, there are plenty of statistics on productivity that say overall productivity in Ireland looks strong, but there is a very significant difference between the FDI company productivity and that of indigenous companies. From memory, I believe it is 5% for the FDI sector and only 1% to 2% for indigenous industry. We believe we need to do everything we can to encourage indigenous industry to be stronger, more productive and more innovative. Any incentives in the space of capital gains tax and other incentives are welcome. We not looking for reliefs but for encouragement or carrots to incentivise people to get out there and use their intelligence and make the economy more productive.

We feel that there are opportunities there.