Dr. Tom McDonnell:

The point I was making is that it would probably end up paying a lot less in a land tax than it would in commercial rates. If anything, it might have the opposite effect. I do not believe that the types of policies being discussed here today around capital acquisitions tax, capital gains tax, local property tax and site value tax would have any meaningful impact on the FDI sector at all. We dealt with that in a different chapter. None of the topics we have talked about today would have a negative impact on Ireland's capacity to-----