Oireachtas Joint and Select Committees
Wednesday, 1 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Donal McNally:
I think that what it was, was the Minister trying to encourage people to save and this was the way he saw as best doing so. The relief was given at 20%, which was the standard rate, and was given by means of a top-up, so everybody got it, irrespective of income. But I didn't see a political motivation behind it; at least, I wasn't aware of one.
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