Catherine Connolly (Galway West, Independent) | Oireachtas source

I want to ask some specific questions about mandatory disclosure in a minute, depending on the time I have left. I refer to the chapter on corporate taxation. In Mr. Cody's opening contribute, he said that the Comptroller and Auditor General made no recommendations, and he is correct. However, the Comptroller and Auditor General highlighted a number of issues, as did the Chairman. We made recommendations in one of our reports that a distinction between losses carried over and the non-use of capital allowances be made. Is Mr. Cody picking up on that recommendation? He has clarified that Revenue is obliged to act under the tax legislation. To put it in plain English, companies can benefit from capital allowances they have not used and can benefit from trading losses that are carried over. Revenue does not distinguish between that and is not able to give us the year by year breakdown. We made a recommendation. I am sure the Chairman was going to mention this as well. Can Mr. Cody clarify what he thinks about that recommendation and what Revenue is doing about it?