Oireachtas Joint and Select Committees
Wednesday, 8 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Yes. But we move on then, to the next one, and we go inclusive. The next one up is stamp duty as a percentage of total revenue, from 2002-2006 that moves from 4% up to 8% of total revenue. And then on to the next diagram which is the total level of cyclical taxes as a percentage of revenue moving from 2002 to 2006. In or around 2002 it's just in around maybe 22.5% and coming into 30% of taxes by 2006. Looking at those figures now, and just given your earlier comment there, would you give any consideration, Mr. Cowen, in retrospect as to what changes would have or could have been made in the earlier years to ensure that the Government was not so reliant on transactionary or transitionary tax revenues?
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