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

If AIB is privatised in one or two years time, the fact it made losses previously will mean it will not pay corporation tax for an extended period. Is it also the case that prior to budget 2014, the bank could only use half of it each year and write-down half of the profits? It paid some corporation tax each year before the budget changes in 2014.

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