Mr. Niall Cody:

Obviously, the question of corporation tax and international taxation is a serious issue and it figures prominently. A range of figures are bandied about. From a corporation tax point of view, we can only tax profits attributable to Irish operations, Irish tax-resident operations. I know that the Joint Committee on Finance, Public Expenditure and Reform has a sub-committee on global taxation which we appeared before. We have published data. In 2012 the effective tax rate in respect of tax as a proportion of the profits attributable to Irish companies was 10.1%. That is the Revenue published data. That is the figure. I realise a raft of other figures are put about.