Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Charlie McCreevy:

Yes, and the bigger the success there would have been in these schemes, the greater the tax cost would have been. In fact, you needn't go to the OECD. If you put down the parliamentary question to Michael Noonan, he'll give you the figures going back all of these years of what the tax foregone was, like, because they're all there.

But there were a number of schemes which I've outlined and I outlined a whole plethora of them earlier on, introduced by my Administration and by the previous Administrations as well which have been ... we had some exotic reliefs brought in such as the seaside resort relief, not to mention the designated islands regime. But actually I didn't bring them in. I just thought I'd mention it.

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