Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
I'm not discussing evaluations, now, of a tax measure, Mr. Considine, or I'm not saying that this, kind of, tax measure needs to be filtered in or filtered out or developed or lessened, I'm asking you, in regard to the way that the Department is actually looking at the unsustainability of property-related taxes - and given that 24% of the Irish economy was in the construction sector, given that a lot of consumption taxes were being derived from that, stamp duty, VAT, retail, because white goods would be following and builders providers and all the rest of it - was there any worst-case scenarios or contingency plans developed that ... given the level of exposure that was actually there and identified?
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