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

I will make the supposition that by the time the deferred tax asset begins to be used and PTSB does not pay any corporation tax for 25 years, PTSB will be in private hands. Does it strike the representatives as somewhat obscene that after a massive loss by PTSB and a subsequent massive bailout by the State - the taxpayer - that then counts as an asset and, as a result of those losses, there is almost a second bailout, whereby the bank in private ownership does not pay any corporation tax for two and a half decades?