Results 24,141-24,160 of 35,924 for speaker:Pearse Doherty

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: -----for a direction here.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: Again, could you answer the question? Do you believe that there was ... a property bubble had emerged in this country before the crisis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: And, Chair, I'm going to ask for ... that we adjourn because this is just ... we need to deal with this, unfortunately, but I've asked the question now five times and I'm halfway through my time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: Thank you, Chair. Mr. McCreevy, at any time in the decade preceding the crisis, do you believe that there was a property bubble in this country?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: Okay. And in relation ... do you believe that your policies impacted on that bubble or helped to create that bubble or to sustain that bubble?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: Okay. Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: No, that's ... yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: That's fine. The Bacon report proposed a series of measures to curb price increases, including a 9% stamp duty rate for investors, a 2% anti-speculation property tax - measures that you initially supported, Mr. McCreevy, but then rejected. Why did you change your mind?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: We're ... we're aware, we've had Mr. Bacon before the committee and he gave us a good chronology of the report.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: And why did you scrap the ... the original question, why did you change your mind on the 2%?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: So, it was to boost the construction activity? Or to maintain it at least, is that the answer to the question?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: To maintain the construction industry. Okay, Professor John FitzGerald of the ESRI was very critical of the changes you made, the fact that the 60% capital gains tax on zoned land along with the changes you made to the Bacon proposals. He told the inquiry on the 11 February, and this is evidence that he's given, he said:The fiscal policy was most unwise, and it fuelled the programme. If we...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: Okay ... like, is it just personal or is there anything of substance that you can give us-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: In terms of the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: In terms of the property taxes, and you've mentioned a number of them there, urban renewal scheme, the rural renewal scheme. How many times did you extend those property taxes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: Did you extend them in the Finance Bill 2004?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: And you didn't extend any at all in that finance Bill?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: Like many of these reliefs continued right up until 2008, Minister.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: Did you extend the transitional arrangements in those measures?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Pearse Doherty: Okay. If you don't have them at the minute-----