Mr. Seamus Coffey:

Yes. A number of countries would have opposed it. Once all EU member states had signed up at OECD level, it was always going to be implemented at EU level. It is not as though EU member states signed up and then the European Commission decided that now they had all signed up, it would create an EU directive. It had the directive almost ready to go. It applies to corporation tax and it has an impact. It did not change the domestic rate of corporation tax in Ireland, however. That was a decision taken by the State. We could implement the EU directive and maintain a 12.5% rate of corporation tax. It did not force us to go from 12.5% to 15% for large companies; the State chose to do that.