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Thu 09 Sep 2009Windfall tax of 80% aims to prevent speculation on rezoning
THE GREEN Party is claiming credit for significant changes to the National Asset Management Agency (Nama) Bill, including a risk-sharing mechanism between Nama and the banks and an 80 per cent windfall tax on developers designed to prevent land speculation in the future.
The Cabinet agreed the Nama Bill yesterday and it is expected to be published today.
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