Senators Bradford, Quinn and Ryan also mentioned taxation as did virtually every other speaker. The Irish position on taxation is very clear. It is not taken from the position of what is to our advantage, but from the position of what will be in Europe's interest. Competition in many areas is part and parcel of the life of the Community. Competition in tax is also important. Senator Quinn is correct in saying Cyprus has taken the decision to move to 10% taxation. Estonia has already moved to 0%. We have nothing to fear in that regard. The tax mix is only part of the overall set of advantages which we have to offer, particularly in the area of foreign direct investment. We have to compete. It is important and positive from a European point of view that we have competition in tax. First and foremost it is important because, going back to Senator Bradford's point, tax speaks to sovereignty. I agree with the Senator on that.