Pearse Doherty (Donegal, Sinn Fein)
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On the taxation report, this comes from extrapolations we have done from their published accounts and looking at the CSO data. This will be a major issue on the Finance Bill and it will take up a great deal of debate time. It is a burning issue at this point in time. If this was an Irish company, it would be paying 12.5% corporation tax and income tax. We have a very lucrative situation for REITs and, whatever the reason in 2013 to kick start the property market, it needs to be looked at as a matter of urgency. We have first-time buyers amounting to 25% of the market in Dublin while REITs are 42%. We have a very serious problem.