Ms Deirdre Donaghy:

Yes, and then it taxes you, so effectively it gives you 6.25%. That is potentially in scope of the subject to tax rule. The way that one works is there is not any turnover threshold that applies to that. With the main part of pillar 2, you are only in scope if there is global turnover above €750 million. With the subject to tax rule there is no cap, so anyone is potentially within the scope. The way it works is it is designed primarily to help developing countries.