Tax policies put at fault for Ireland crisis

Irish government’s tax policies were partly to blame for stoking an unsustainable economic boom and triggering the country’s financial crisis, according to two official reports published on the 10 June 2010.

A report investigating the reasons for Ireland’s banking crisis, written by international economic consultants Klaus Regling and Max Watson, and a second study into the failings of local regulators, by Patrick Honohan, the new governor of the Irish central bank, also highlighted 'reckless' lending by bankers to property developers and the failure of oversight by regulators as causes that contributed to the crisis.

Irish Times, 10.6.10: Reports blame domestic factors for banking crisis http://www.irishtimes.com/newspaper/breaking/2010/0610/breaking9.html

Ireland: Department of the Taoiseach: Government Press Office: Government Press Releases 2010: Press Release, 9.6.10: Preliminary Reports on ‘The Sources of Ireland’s Banking Crisis’ http://www.taoiseach.gov.ie/eng/Government_Press_Office/Government_Press_Releases_2010/Preliminary_Reports_on_‘The_Sources_of_Ireland’s_Banking_Crisis’.html

Ireland: Houses of the Oireachtas: Joint Committee on Finance and the Public Service: Official Report, 11.6.10: Banking crisis reports: Discussion with Klaus Regling and Max Watson http://debates.oireachtas.ie/committees/

Ireland: Department of Finance: Banking inquiry reports http://www.bankinginquiry.gov.ie/

Ireland: Houses of the Oireachtas: Joint Committee on Finance and the Public Service: Official Report, 15.6.10: Banking Crisis Reports: Discussion with Governor of Central Bank http://debates.oireachtas.ie/committees/

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