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

-----the last two budgets you brought in. One ... the first ... the second last budget, you announced in December 2002, which was for the 2003 year, which you stated that you would be terminating all the reliefs at the end of December 2004, which was the signal date. And then in your final budget, which was December 2003, which was for 2004, you stated that your intention was to terminate the series of major tax reliefs but, "Since then I have been bombarded by demands." Now, within that budget you extended the reliefs for a further two years and, I suppose, I'm asking why and who were you bombarded by?

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