I propose to take Questions Nos. 11 and 41 together.
I understand that President-elect Obama is at present concentrating on the appointment of his Cabinet and that it will be some time before we have a firm idea of the make up of the specific policy teams in the various Government Departments. In the circumstances I think the Deputies will appreciate that it is too early to be seeking dialogue in relation to specific tax or any other issues, with an administration which has not yet taken up office.
It is the case that President-elect Obama was involved in one of two Bills introduced in the US Senate aimed at curtailing tax haven abuse. Both Bills contained a list of 34 countries that have been designated as tax havens in Internal Revenue Service court filings. However, it is important to remember that Ireland does not appear on that list. That said I am always mindful of any international developments that could potentially impact on foreign direct investment here and in that respect we will continue to closely monitor developments.