Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Thank you. You've also acknowledged that you, in your 2004 budget, which was delivered in 2003, extended many of the property tax reliefs to 2006. Can I ask you, in light of that, when you travel around the country, and particularly if you go to the Shannon region, if you go to Leitrim, if you go to Roscommon, what do you think when you see the ghost estates, some of them that were built as a result of the tax policies that you introduced and extended? What do you feel when you hear, for example, the fact that 40 ghost estates are to be demolished, and the fact that a report in 2006 showed that, during your tenure as Minister for Finance, that individuals who used these schemes were able to reduce their tax bill to zero? And they were ... those numbers were being increased year on year as a result of your measures.

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