No windfall from Nama 'windfall' tax

A 'windfall tax' on rezoned Nama land has failed to deliver any windfall for the exchequer.

14th April, 2012

A 'windfall tax' on rezoned Nama land has failed to deliver any windfall for the exchequer.

It has emerged that the state reaped no return at all from the tax in 2009, with the Department of Finance estimating that its windfall tax in the 2010 tax year was "extremely small". The government had hoped that an 80 per cent tax on profits arising from planning rezoning of properties linked to Nama would boost its coffers....

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