Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

In, we'll say, looking at the tax incentives ... and, Mr. Parlon, you were Minister for State in the Department for Finance with responsibility for the OPW between '02 and '07 and, Mr. Kelleher, during that period you would have been director general of the Construction Industry Federation. And over that time period in ... in December 2002 ... the Planning and Development (Amendment) Act came in, Mr. Parlon, which effectively allowed developers to negotiate out of that Part V ... the social and affordable contribution. Subsequently, in the Finance Act 2004, all the tax incentives, which were due to have finished by the end of '04, were extended to July '06. Subsequently, in the Finance Act 2006, they were further extended right up to July 2008.

So the questions are for both. Mr. Kelleher, did you lobby the Department of Finance and Government for those deadlines to be extended? And, Mr. Parlon, were you lobbied by the CIF in your role as Minister for State in the Department of Finance on these particular issues and what view did you take in terms of ... which, clearly, these ... you literally had tax incentives being extended for an eight ... for a four-year period during your tenure at Ministry of finance-----

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