Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
The pro-cyclical nature of your budgets from, from '05 to '07, and the fact that you had this massive increase of expenditure, most of it around current ... much of it around tax and so forth and the current side rather than the capital side, how do you reconcile that much of that was based on the major increases in cyclical taxes in terms of stamp duty and capital gains taxes, around the property sector, which collapsed in '08? And gave rise to the Irish people-----
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