Mr. Seamus Coffey:

While the tax base would be skewed towards the multinationals in Ireland, their presence in Ireland would also be larger than it is in other countries, including their level of employment and investment. While the tax base may be subject to changes, one could argue that it is linked to the level of activity that is taking place. Unless there was an underlying change in the activity, that tax base should be reasonably solid. The issue is that we are becoming dependent on the employment, the investment and the tax receipts so we are putting all our eggs in one basket.