Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Derek Quinlan:
Well, as I said to you ... you know, the legislation was brought in initially. I mean, we have had tax reliefs in Ireland for a very long period of time. Remember farmers paid no tax up to 19... up to the middle 1970s which was, you know, you can have your own views on that. And I believe that the tax reliefs that were introduced I think in the 1987 budget did a huge amount for Ireland. The IFSC would not be there today, in my opinion, nobody would have moved north of the Liffey without the tax reliefs.
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