Oireachtas Joint and Select Committees
Thursday, 10 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Well, at the same time, Mr. Chopra, you say on page 9 ... you refer to the €16 billion of unsecured senior bondholder exposure. And it was the diktat of the troika that they would be bailed out by the Irish people. Do you agree that that would have built a lot of social homes if the priorities had been different? And my last question, Mr. Chopra, because I'm ... my time is up, you say on page 7 that there were ill-advised calls from some other European creditors for Ireland to raise its corporation tax rate. Mr. Chopra, why is it advisable to pile taxes and cuts on working people and poor people who carry no responsibility for the crisis but ill-advised to demand that big business should pay more taxes on profits?
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