Dáil debates
Wednesday, 17 December 2008
Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage
6:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Yes. I can arrange for that to be done. I really deplore Deputy Burton's suggestions of corruption in respect of developers.
On the section, it is not a tax incentive for property developers. It is a scheme to remove and relocate industrial facilities involved in the regeneration of urban docklands because of health and safety concerns that arise under legislation in the Seveso directive.
The section only applies to Seveso sites which a local authority wants to remove for urban regeneration purposes. That is important. That is written into the section. It is not a question that any developer, any owner of land or any dockland can trigger this relief. It is under local authority control. There must be a proper regeneration scheme.
On the correspondence received by Deputies which I myself read with great care, it must be borne in mind that written into the section is a provision for the clawback of the benefits in cases where there is any element of undue competition. Indeed, Deputy Bruton raised that question. The clawback provision in the section deals with the danger identified in the correspondence of unfair competition. The clawback provision is essential under the state aid provisions applied by the European Commission.
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