Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom Considine:

But that's not what happened, Deputy. I mean I, I have explained, I think fairly clearly, that at the end of 2004 the Minister decided that all these would be evaluated, all these schemes would be evaluated. And they were evaluated by the Department of Finance and the Revenue Commissioners, with the help of Indecon and Goodbody Consultants, and the decision to extend them subject to phasing, they weren't, they were being phased out gradually from the end of 2006. That decision was based on that advice and that work that was done and it's published and it's available in the budget booklets in great detail.

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