Dr. Larry O'Connell:

It would be a tax placed on all sites. If someone holds land in a particular area of Dublin, in which a site value tax has been set, they will pay a tax on that land as they sit on it. However, everyone is paying that tax, so if Dublin City Council invests in infrastructure that improves the value of all sites in that area, all values should in theory work up. If the site value tax is to be considered, quite a bit of work needs to be done on it. It is way beyond the Land Development Agency's scope. It is a big question for the committee.