Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Charlie McCreevy:

But, Deputy, you'll find references that I made on different Finance Bills about taxation matters. I always said, including some of the incentives I brought in, that any business person that makes a decision solely on the basis on a taxation incentive, without looking at the other aspects of the issue, will often be very, very disappointed. I said that at the time, so therefore, it was a matter for the developers and construction people and their financial institutions, to listen ... to look at all the aspects, were they going to be able to a) finance on this, could they sell them at an affordable price? And b) was the market there to buy it? That I'm afraid-----

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