Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

And then you describe five of those, and you say, "Where this is the case", that is, where you say, "Taxation incentives may already exist", they "should be retained and, where required, enhanced". Wasn't that inflationary to ... you know, in the market at the time, to ask for more of those incentives? Houses prices were rising rapidly, and it was eventually to bring down the entire country and cost over €100 billion to both the Irish and UK Governments. So was there not a note of irresponsibility or recklessness in that treatment of the tax incentives-----

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