Dr. Jim Stewart:

The way we have identified them is that we have gone through the records of the Companies Registration Office, CRO, and we have used various techniques to try to identify these firms.

There is no public registry of the names of their names. Revenue cannot publish the names of firms that are section 110. There is no public register of the ownership of these firms. The Central Bank does not collect any data on aircraft leasing firms that are subject to 12.5% tax. It collects data on aircraft leasing firms that are part a section 110 tax regime. We argue that the huge firms are almost identical in structure, as in size. It seems that tax data are ascertaining whether the Central Bank collects data. That does not seem to make a lot of sense if one is trying to measure the shadow banking sector.