Mr. Seamus Coffey:

In the case of Ireland it would require legislative change. We have put in the minimum top-up tax in line with the EU directive. The EU would have to change the directive and then we would have to change legislation in Ireland. The primary issue announced last week referred to the income exclusion rule and the undertaxed profit rule, which are about other countries reaching out into profits elsewhere. When it comes to the minimum top-up tax, that is domestic. We have legislated for that. Liabilities are accruing now because it came into force for 2024. Legislative change would be required to amend that, which could be down to an EU directive. If the EU reaches agreement that the US is not subject to these taxes, maybe that directive will be revised and we will have to change our domestic legislation.