The proposed plans to give returning emigrants a 30% tax break is now not likely to go ahead.
Such plans had been described in the media earlier in the day, but Cabinet members have said that the proposal will not be discussed in the near future.
The idea had received a somewhat lukewarm reception from most quarters, stating that it would likely not work at all.
Social Democrat TD Catherine Murphy said that: “You can skirt around the edges for what the real problem is, but the real problem is that the cost of living is one of the biggest disincentives – and one major element of that is housing.
“If you’re going to be giving an incentive surely we need carpenters and sparks and labourers and we need to start building houses.
“That would address the issue.”