Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Gormley:

Well, I do recall I had a spat with Tom Parlon at the time of NAMA because we wanted to include a windfall tax, and we did, in that legislation. He was absolutely opposed to it and we also spoke about social dividend. He felt that that had no place in the legislation. I know that he was lobbying subsequently and the windfall tax was then removed, regrettably in my view, because it was a way of dealing with the whole question of over-zoning, which we were trying to deal with at the time. So, yes, it is my view, and I think I said this in my official statement, that there are certain lobby groups which have huge access to the corridors of power. And that particular group, I think, has inordinate influence.

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