It's not unknown for the owners of large media corporations to go offshore to avoid paying tax.
It seems to me that if you have a tough regime, which is tough enough so that the media don't like it, and it's compulsory, they're going to take steps to try and avoid its application to them.
And I think one of the, it seems to me, absolutely fundamental questions is now -- we refer here to the fact that the big Internet companies, Google, Twitter, and so on, don't have a commercial base in the UK. And it would be very easy for someone who is commercially publishing on the Internet to have nowhere in the UK where they can be regulated. And it seems to me increasingly, as everyone says, news publication is moving online, and it will become increasingly difficult to regulate on a national basis, if it's compulsory.