Cian O'Callaghan (Dublin Bay North, Social Democrats)

It is one or the other or we could do a bit of both.

On the macro risks to the economy, the witnesses were saying the tariffs are the main risk. Work has been done on potential non-tariff changes that could affect corporation tax receipts. I am thinking of the work done by Dr. Aidan Regan in UCD, and published in the Business Post, on the amount of intellectual property being shored on Ireland, how a significant amount of corporation tax is coming in from this, and that if there were changes to the taxation regime which could affect this it could be a threat. How does IFAC rate this threat or risk to the Irish economy or to our corporation tax intake?