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

So, from the Dáil record on 3 December which is the date you delivered the budget. You say:

On tax reliefs, last year I announced the termination of a series of major tax reliefs from the end of 2004. Since then, I have been bombarded by demands to revisit that policy, especially in the case of one particular relief.

And that's what is there. So the question I'm asking, you extended every relief that was to be concluded by 31 December '04 by a further two years to 31 December 2006. And the question I'm asking you is why did you do that? Certainly, from the Dáil ... from the records we have when I made reference to it earlier, over a month between 1 October 2003 and 3 November 2003, you met once with the Construction Industry Federation, you met twice with the Irish Home Builders Association, you met twice with Irish Auctioneers and Valuers Institute and you met once with the Irish Property Owners Association. So, you might just elaborate.

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