Oireachtas Joint and Select Committees

Tuesday, 31 January 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition

12:30 pm

Ms Margrethe Vestager:

The case in which five developers have complained about NAMA is, of course, very important. If I remember correctly, the claim is that NAMA acquired its stock of buildings at a time when it could do so at very attractive prices as it was in the middle of the crisis and that now it can sell them in a way that makes it more competitive than the five complainants. We are still in the process of looking into the case. It is a very complex matter. Therefore, I cannot give a deadline as to when it will be decided. I will be happy to discuss it with the Government. If it wishes to prioritise the case, we can, of course, put more effort into it.

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