Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

It now stands at 19%. It used stand at 14% to 15%. In terms of the degree to which that over-performance is now driven by one-off factors, our analysis is that there are a number of key factors behind the majority of change happening. The biggest one is the fact that corporate profitability has significantly increased since 2010. I refer to the corporate profitability that Deputy Boyd Barrett, if he was here, would point to as something that he is very much concerned about and something that he would view as being an example of economic inequality. That increase in corporate profitability is being taxed. If that corporate activity refers to Ireland, we are gaining our share of tax on that. The second factor is that we have made a number of changes within our corporate tax code that will affect where we are from a revenue point of view. Third, there are a number of one-off factors that are beginning to have an effect. The most notable of these is the €700 million that we identified last year.