Mr. Fergal O'Brien:

The position has been communicated with me in very objective and almost practical language. I am not of the view that the companies in question would pull out of Ireland but business leaders have said to me that they would have to do an audit of their operations to identify where they could potentially be engaged in services trade with the occupied territories, given the complications I have already mentioned. Then they would have to carve out that element of their operations to outside this jurisdiction to comply with the law of the State. The activity would happen elsewhere. I do not know whether that would just be in relation to the occupied territories plus Israel or to the occupied territories, Israel and a Middle Eastern function. Many of the companies would have a Middle Eastern function. It could relate to an entire Middle Eastern team. I do not know and they do not know because, again, they have not been faced with the legislation. This is based on second-hand accounts. They have not seen anything that they can work with in terms of income tax-----