Given the fact that stamp duty went from 4% to 9% in the period between 2005 and 2007, and collapsed by over 80% when the crash happened in Ireland, we look now at multinationals paying corporation tax accounting for over 30% of Exchequer revenue. Does Government see a danger in this given that 90% of that corporation tax, paying 30% of Government's income in a year, is being paid by just 10% of companies of scale in this country? To me, this is an alarming risk over a three to four-year period. Is Government spending based on that assumption? Have we a contingency plan or is one being worked on in the event that something should happen if there is international disruption to the profits of multinational companies?

Stamp duty was linked to construction, and construction is not as beneficial to revenue, because there is no export. We are doing three things to support and underwrite the vulnerability of the State. We have record capital expenditure, of €19 billion this year, which is up 54% in two years. We are paying down our debt, which is critical to keep our balance sheets strong. We have reduced it by 40 basis points since the pandemic. We are investing in our future. We have over €24 billion in two funds that are investing based on the fact that 1 million people in our country will be over the age of 65 by 2030. The capital infrastructure we have to put in will be transformational. If we keep doing those three things, that will make our value proposition very strong to attract investment.

Critically, it will improve the chances of our indigenous economy. I always point out that the top ten Irish-born firms in Ireland employ 450,000 people globally. Enterprise Ireland has had a record year with €38.86 billion in exports for the €3 billion spent in the economy. We are in a strong position in our indigenous economy. I welcome Deputy O'Connor, as Chairperson of the enterprise committee, and the ideas he has brought forward to do more and to support Startups Ireland, which will be critical, as well as the national acceleratory unit we will have next year, again ensuring that all our entrepreneurs, start-ups and high-performance units get the support they need.