Oireachtas Joint and Select Committees

Thursday, 12 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

On the issue of property-based tax incentives, which Mr. McDonald highlighted in his statement, will he clarify the incentives he believes the committee should be exploring? He names a number of them, including the section 23 hotels, seaside resorts, multi-storey carparks, student housing and Shannon rural renewal schemes. Will he give us his view as to exactly what the committee should be examining? He acknowledges that the introduction of such reliefs can be justified at times but he certainly indicates that they may have been retained for too long. Can he elaborate on what he believes the committee could usefully do in that area and how it links in with the overall property and banking nexus?

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