When it was put to Lenihan that his predecessor, Taoiseach Brian Cowen was widely criticised for ‘dithering’ on stamp duty, Lenihan responded by saying “let’s be clear about this question. My predecessor didn’t ‘dither’ on stamp duty, he reformed stamp duty in the last budget and put in place an arrangement which in my view is entirely adequate in relation to stamp duty. There was a problem with stamp duty - there was no progressive element in the stamp duty structure.
When the interview suggested to Lenihan that the market ceased to function for about six months due to his inactivity on stamp duty, he received an interesting response.
“No, let’s be clear about this. Every country in the world has a property tax and
Asked to comment on the OECD’s recent suggestion that that it might be a good idea to introduce some kind of property tax, Lenihan said: “There are no proposals in government to introduce a property tax. Effectively in