Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom O'Connell:

Well, we would've been aware of it but, I mean, we mightn't have been aware of the precise magnitude involved. But we were obviously aware of the fact that, yes, I mean, construction activity in the round was generating was a lot of tax revenue, which could fall away in due course. So, we may not have quantified it, you know, at that early stage, but it was done later, yes.

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