We do not know what is the overhang of the tax foregone for which we still have a liability. I am reliably informed that the property-based breaks will account for at least €2 million to €3 million. Pension-based breaks cost at least €2 million a year and a significant proportion of the tax breaks for pensions are availed of by the higher paid people in particular. The Government has recently issued a Green Paper suggesting that this might be changed.

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