We must reconsider the issue of tax harmonisation. It has been a particular mantra in recent years of the more right wing element of the Government, including the Tánaiste and the Minister for Finance, that we do not want to go down this road. However, it ignores the fact that we are already well down that road in regard to a number of other taxes such as excise duty and VAT. I believe we must consider providing for a minimum level of corporation tax. The level will shortly be 12.5%, the lowest in the European Union as it currently exists. I would put any money on it that in a few years' time 12.5% will be quite excessive vis-à-vis the level of corporation tax which will then be levied by some of the accession countries. We will very shortly find ourselves whingeing, as others have done to us, that our foreign direct investment into Ireland is being snatched away unfairly by the accession states which are levying a lower rate of corporation tax. We will very quickly find ourselves in a position where we must contemplate cutting public services because we cannot sustain the level of corporation tax. I do not think we need to go down that road but we need a change in thinking. We need those with a little more foresight than the current Minister for Finance or the current Tánaiste to give some thought to this issue. They will quickly conclude that it is in Ireland's national interest, quite apart from the broader issues involved, to ensure, among other things, that we provide for a minimum level of corporation tax throughout the European Union.