Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, obviously, they were being discussed within the Department of Finance in preparing its budgetary strategy for the following year. And there was clearly a reduction ... a clear reduction in the ... income taxes were showing okay, and corporation tax a little down, but it is true that the VAT and the stamp duty were showing a significant decrease, a serious decrease, as of the ... as of second quarter.