Feargal Quinn (Independent)

I do not like accountants but there are exceptions. When one hears of a company that has just appointed a new chief executive who was formerly the financial controller, one can see the company change. The companies that once were driven towards looking after their clients and customers suddenly become driven by percentages and money. I learned very early in business that one can sometimes make more money by reducing the percentage – the use of percentage to express a margin is banned in our company. I know I am speaking here to the converted and that there are exceptions to these accountants and I am delighted that the Minister is one of them. He has given examples in his speech, when he referred to his low tax policy. Since the Minister has taken office, he has if I am correct reduced capital gains tax, corporation tax and betting tax, and has each time earned more money. It is possible to bring down the percentage of tax in business and actually get in more revenue.