Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

No, no, it's you ... you announced in your budget in December 2002 that there would be no exceptions for reliefs on capital allowances for all these various schemes beyond December 2004. You then came along in your budget, two thousand and ... December 2003, which is for the following year, you said that "I have been bombarded by demands...". And, within that budget, you extended all the schemes to 31 December 2006. Why was that?

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