Jim Walsh (Fianna Fail)

I have referred to the general principle. I compliment members of the Opposition who have obviously given consideration to the Bill. A list of amendments will come before us. In this instance, it would be helpful if we could get the co-operation of the other side of the House on important legislation to regulate what has been deregulated by a decision of the courts.

Will the Deputy Leader consider having a debate on the taxation of stud fees? The Minister for Finance has introduced a good provision in the budget in that details of such fees will have to be returned to the Revenue Commissioners, although they are not taxable at this stage. That would obviously provide valuable information. The nature of a High Court case that is being taken, and the ensuing controversy, illustrate the huge profits that are being made in that industry. Otherwise, one would not have the shenanigans that are going on in the racing fraternity. In its own way, the situation is illustrative of the need to have some form of taxation on stud fees.