Oireachtas Joint and Select Committees
Tuesday, 30 June 2015
Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on the Environment, Community and Local Government
Urban Regeneration and Housing Bill 2015: Committee Stage
6:30 pm
Mick Wallace (Wexford, Independent) | Oireachtas source
There is a counter-argument. If I bought a site zoned for development, it might not be economically viable to develop it or I might not be able to get the finance to do it. I would be facing the prospect of paying a 3% levy on it and I would have to weigh up my options, which are to pay the levy or get rid of the land. If I am not forced to make that decision, I could quite happily be a land banker and pay no tax on it.
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