Results 9,861-9,880 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Yours.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: On the first page of a statement-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Your opening statement.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Yes. It says, "On advice KPMG I moved from my home in Ireland so I could maximise the returns to my creditor banks." So, in an article ... am I allowed quote from an article?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: In the Irish Independent of May 2015 you also said, "On the advice of KPMG I moved to Switzerland so that I could maximise my debt repayment and reduce my tax leakage." So can I ask, what creditors would this maximise your repayment capacity to and what did you mean by "tax leakage"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: And how----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: I understand. Just for the benefit of people watching at home, why would moving to another country facilitate that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: You could minimise that by being-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: So, in your experience of the crisis, did many developers ... was this a done thing? Did developers go abroad to maximise the repayment potential?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: When one has a commercial relationship with NAMA, or they're with NAMA, are they prohibited from buying or selling property in Ireland?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Is it your view that all people who have commercial relationships with NAMA, in the interest of full recovery for the taxpayer, should pay everything they owe?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: No, I can't ask about specifics, so I'm asking generally, just. So I'm asking generally: do you feel that it's reasonable that NAMA, on behalf of the people, should expect to get full payment?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: So are there circumstances where they shouldn't?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Let's say a minimum of the £74.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Your company put together syndicates to purchase property, isn't that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: So were the investors in this, were they sophisticated investors or were they people putting in pensions or savings or ... what kind of profile would-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: So where ... Would they have gone from people like me putting in life savings to pensioners to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Did property syndicates, in your view, contribute to the crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Are you aware - I'm not talking about your own scenario - but would you be aware of any developers who, in co-operating with NAMA ... who are presiding over NAMA disposals which they were involved in, are retaining portions of that property or side deals or kickbacks for themselves?