Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland: Allied Irish Banks

2:00 pm

Photo of Paul MurphyPaul Murphy (Dublin South West, Socialist Party) | Oireachtas source

Page 220 of the report states that assuming a sustainable return on equity, it will take in excess of 20 years for the deferred tax asset to be utilised. Does this mean AIB will not pay any corporation tax for 20 years?

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