Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Would the proposition not be put to you, Mr. Considine, that when the taxation was, kind of, put into that area that, paradoxically or ironically, that actually made a bad situation potentially worse because the economy was moving to more and more consumption taxes at that time and away from income tax and one of the biggest consumption taxes, or the biggest consumption tax that was being arrived at, was through people actually purchasing homes and paying stamp duty?

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