Mr. John McCarthy:

I will make one or two quick comments, as I am conscious of the time.

Regarding changes on the corporation tax front, there are two pillars. There is an agreement to go ahead with a 15% rate. We will not implement that yet. The legislation is changing, but it does not take effect until 2026. There are greater problems under the first pillar, that is, the allocation of taxing rights and how much we should have to allocate to central Europe, as it were.

There are bigger problems on that front. I share the Deputy's concerns in that taxation is a national competency and the rules on state aid infringe on that. The Deputy also mentioned the slowing of corporate taxes. We have had three months of falling corporate taxes, with a sharp fall in October when they were down 45%. We do not have numbers for November yet, but they will be crucial. It is the most important month of the year for scheduling of the self-employed and corporation tax. We will report on that in a week or week and a half. That will be the crucial point.

In the interest of keeping my contribution short, I will leave it there.