« BackFine Gael support for tax break for Kerry hotel raised at the Banking Inquiry

Fine Gael’s support for a tax break to be given to a Kerry hotel has been raised at the Banking Inquiry.

Minister for Jobs, Enterprise and Innovation Richard Bruton

Jobs Minister Richard Bruton was speaking at the inquiry where he was questioned about Fine Gael policies in the years just before the economic collapse of 2008.

The minister was the party spokesperson on finance a decade ago.
Sinn Féin TD Pearse Doherty asked Minister Bruton if there was a contradiction in his criticism of tax relief for property developments given that eleven years ago, he had tabled an amendment to the Finance Bill looking for an extension of tax relief.

Deputy Doherty said Minister Bruton, who was then Fine Gael’s spokesman for finance, sought to have developments with only outlying planning permission to be also  able to avail of tax relief.

Pearse Doherty said the foundation of the amendment was plans for a hotel in Kerry that had been raised by Mr  Bruton’s party colleague, North Kerry TD Jimmy Deenihan.

Richard Bruton denied to Pearse Doherty that this reflected the policy of the Fianna Fail-PD government of that time.