Oireachtas Joint and Select Committees
Wednesday, 9 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage
10:00 am
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I will state the very obvious point. Even with the 10% being spoken about by the Minister, they will build it. It will be sold or leased back to local authorities at a discount on the market price. We do not even know what a reasonable profit is in the legislation, and that is how it is defined. It will be relative to the market prices in south Dublin, which are off the scale. Even the social element will cost the State an absolute fortune as it will be built by the people being described by the Minister.
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