Oireachtas Joint and Select Committees
Wednesday, 1 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
To maintain the construction industry. Okay, Professor John FitzGerald of the ESRI was very critical of the changes you made, the fact that the 60% capital gains tax on zoned land along with the changes you made to the Bacon proposals. He told the inquiry on the 11 February, and this is evidence that he's given, he said:
The fiscal policy was most unwise, and it fuelled the programme. If we had a sensible fiscal policy, we would not be where we are now.
Do you agree with him?
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