Mr. Sebastian Barnes:

That is not something we have looked at explicitly. We base our views on what the stated Government policy is. There are complex questions as well as to how Ireland would respond. Again, as we said earlier, it also depends on what actually comes out of the international processes as well. For these reasons, we do not have a very clear view on that. What we are clear about is that there is a big risk that, in future, Ireland will not be able to raise as much corporation tax as it does under current policy.