Mr. Niall Cody:

I am tempted to give a one-word answer: absolutely. I would like to talk a little more about what we do and what we try to do and our strategy of managing our case base, as we would call it. There is something like 850,000 cases that are subjected to our risk evaluation analysis and profiling, REAP, process. All of these cases a couple of times a year are risk-ranked based on all the information we have on our system, third party information and the rest.

We are also actively engaged in segmenting our case base. We are trying to focus on cases below our large cases division because these people are high-wealth individuals who have opportunities. Deputy Peter Burke spoke of smaller businesses which have relatively limited scope for sophisticated tax arbitrage.