The full year gain to the Exchequer from increasing the current standard rate of corporation tax from 12.5% to 17.5% is tentatively estimated by the Revenue Commissioners to be in the region of €730 million. This estimate does not take into account any possible behavioural change on the part of taxpayers as a consequence of such an increase. However, it should also be noted that Ireland's low corporation tax, CT, rate plays an important role in attracting foreign direct investment to Ireland, thereby increasing employment here. We also must consider Ireland's place in the new enlarged EU where CT rates are low in some new member states. Ireland must continue to remain competitive in this environment. For these reasons, there are no plans to increase our present low CT rate.