Mr. Conor O'Brien:

The Deputy asked if there could even be a positive aspect involved if it brings to attention the fact that we have a low tax rate. There is that positive, but the negative is that people wonder if the tax regime in Ireland is sustainable if it is subject to so much criticism. That is a question which arises. We inform clients that one of the strengths of the Irish tax regime is that it has been remarkably stable since the 1950s. I mentioned the attractions of the UK regime and we point out to our clients that these have only been in place for three or four years. Ireland has had a stable regime since the 1950s and kept the promises it has made to companies which have located their operations here. When Ireland moved its tax regime, this was the result of pressure from the European Union. The stability to which I refer is a major positive.