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Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: Yes. And the key question I have is ... you've mentioned that you became aware of the insolvency of the institution and that's an important point so how-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: No, I'm not looking for the time, as such; I'm asking in terms of did somebody tell you that they believed that Anglo was not solvent anymore?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: Okay, and the evidence that we've had heretofore in the committee from John Hurley, for example, from the Taoiseach, Brian Cowen, is that the issue of nationalisation of Anglo Irish Bank because the Government had decided, and notified, indeed, the ECB on 8 January, that they were going to inject capital into the bank, and, on 15 January, they decided to nationalise. But the evidence...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: Well, I would like to test previous evidence with the witnesses-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: Yes, like, for example, the Chairperson asked Mr. Hurley what happened between 8 January 2009, when the Government had notified the ECB to recapitalise Anglo, and 15 January 2009, when they made the announcement to nationalise it. And the summary of what was said at that time was it was consequences that ... in terms of ... misgivings about putting capital into Anglo, particularly in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: -----Mr. Cowen. But at no stage have we heard that Cabinet members or Government believed - to my knowledge - believed that Anglo was insolvent at that time, which means that there was significant loan losses in the institution. So I'm just asking ... with that in mind.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: But, Ms Harney, can I ... maybe to be helpful, the minute the Government nationalised Anglo Irish Bank, it no longer became insolvent-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: -----because it was now a nationalised entity.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: So, are you still of the view that you had a belief at that time - whatever time it was - that at a point in time that you were informed that Anglo Irish Bank was insolvent?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Pearse Doherty: Okay. And, Mr. Gormley?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: Go raibh maith agat, a Chathaoirligh, agus fáilte roimh an Taoiseach agus an Aire chuig an coiste fiosrúcháin. Mr. Kenny, can I start with you in relation to ... one of the key criticisms of Government policy during the years 2002 to 2007 which has a emerged during this inquiry, was the narrowing of the tax base and increasing dependence on transitional taxes. The Fine Gael...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: Just bear with me one second because we are on time restriction here and this ... there's a specific question in relation to the Fine Gael manifesto of 2007 and the question is: the commitments that you were giving to cut tax, income tax, for all taxpayers and to keep capital gains tax down at the current levels.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: How ... would that not have eroded the tax base further? And what policies did your party have at that time to broaden the tax base - if any?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: Sorry, Mr. Kenny, I -----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: Can I just-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: Can I just interrupt you .... we're four minutes into this question, I need an answer in terms of your policy commitments and there's two specific questions. It is, would the policy commitments of Fine Gael have further eroded the tax base? And what policies, if any, did Fine Gael-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: -----have to broaden the tax base to provide------

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: -----more stable revenues-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: -----for government?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Pearse Doherty: Okay-----

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