Kieran O'Donnell (Limerick City, Fine Gael)
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And the ... in your statement, you say that you were concerned with "the potential vulnerabilities and the risks arising from the rapid escalation in property prices". You commissioned two reports around tax incentives: Goodbodys and Indecon. And your predecessor, Mr. McCreevy, who we had here yesterday, said that he was going to abolish them in '04 but he extended them in '06. Why were two reports needed? You went in as Minister for Finance in September '04 knowing that the tax incentive schemes were to finish at the end of 2006. So why did you commission two reports? And why did you extend the deadlines to 31 July '08, another 18 months?