Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Charlie McCreevy:

I think it would have cost ... I think ... I'm just ... I went ... I'm gone since '04, but I was costing an average ... I think I was dealing around €500 million a year. So, it was over five years, so, that's €2.5 billion, €3 billion less ... there would have been ... there was an ... I constructed the scheme in such a way that there was an exit tax ... so less the exit tax, which I presume came to €500 million or €600 million. I don't know what it was.

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