Mr. Sebastian Barnes:

A full analysis of the implications is very difficult because it is so complex. Deputy Lahart mentioned Mr. Seamus Coffey. I am sure he would give him a far more detailed account than I would. The points the Deputy has made are good. In a world where Ireland ended up with a tax rate that is more similar to other countries it would lose some of its advantages. It would not lose all of them. There are many other reasons companies choose to locate in Ireland.