Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party)
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Yes, Mr. Ahern, in regard to that issue, would it be fair to say that, in fact, you allowed land speculation to run riot? You may remember, in 2004, it was raised in the Oireachtas, where a syndicate of rich people had bought 11 acres of building land in Stillorgan only four years before, had got planning permission and then sold it for a gain of €32 million, and your Government had reduced corporation ... capital gains tax to enrich them further. Why didn't you take action to stop that type of profiteering and speculation?