Mr. Ian Talbot:

From Chambers Ireland's perspective, they are all very valid points. One that comes up regularly in our network that could be very easily is the trans-Border relief that is causing some grief in Border areas. Regarding the angel investor, something that has been on my mind for a long time is the ability to claim relief for dividend payments on capital, in the same way one can claim tax relief on interest payments. However, we have to bear in mind that some of these reliefs, if they are only at 12.5% or potentially 15% in the future, are not a huge benefit, and certainly not by comparison with the 50% rate when I was youngster in the workforce. The most important thing we are trying to do with this roadmap is to lay out a strategy for where we are going to bring our tax structures in the future.

Deputy Moynihan may have heard us talk earlier about how we tax polluting activities, usage and so on. It would be great to have a roadmap so that we could bring people gradually along to understanding what sort of a tax structure we need to go along with the national development plan, NDP, Project Ireland 2040, our commitments on climate change for 2030 to 2050 and all those sort of things. We need a structure in place where people can be brought on gradually. We tried to do this with the carbon tax. We said here is where we need to get to and we are going to get to it over a certain number of budgets. That will be a bit wobbly in certain budgets between now and then but the principle is right. We are saying where we need to get to, that we are going to get to it in easy stages and that we are going to keep driving towards that. The most important thing is that we put that plan in place and start the process of moving towards it.