Mr. Martin Fraser:

The meetings are quite light, at times. I understand the point the Deputy raised. If he looks at the minutes, he will see that after the Finance Bill is published, or enacted, the Department of Finance goes through the various measures that have been adopted. The bulk of them are adopted, although not all of them. The Department of Finance will oppose some of them and will adjust others. The Minister for Finance, the Department of Finance and the Government have to decide what goes into the Finance Bill.

This is a very competitive international industry and regulation is always changing. Countries change their regulations all the time. I do not have a number for the Deputy but it is not correct to imagine that proposals come to the clearing house group, we tick the boxes and give them to the Department of Finance which implements them. That is not the process. The Department of Finance deals with these things, as it does with all other proposals for tax changes.