Peter Mathews (Dublin South, Fine Gael) | Oireachtas source

-----but it could be worth it. We want to have revenues that are fair and not regressive. VAT would be regressive. Revenues must be stable. Deputy Mick Wallace eloquently pointed out that the collapse of the property market meant that 60% of all turnover in the property market disappeared in VAT, income taxes, stamp duty and so on. Sixty cent of every euro from the sale of a house, when 100,000 a year were being sold, vanished. That is the hole in the bucket about which Deputy Flanagan spoke. We must take these clear, non-complex, fair and stable actions. It is a suggestion. I will hand over to Deputy Ó Snodaigh.

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