Mr. Conway, in your presentation, you--as have many others--quote the Irish tax experience favourably, and certainly there's a lot to be said. It's quite a dramatic drop from 24% to 12%, and the growth in GDP and the foreign direct investment is pretty astronomical, particularly for a country of that size. Being of Irish descent, I'd like to think that's all because we're way smarter than everybody else. However, I have this sneaking suspicion that it may have as much to do with the subsidies from the EU as it has to do with smart tax policy.
So I'd be interested in comments from Mr. Conway, Professor Brooks, and Mr. Heady on the dramatic growth in the GDP of Ireland, and what's attributable to their tax policy and what's attributable to subsidies from the EU?