Oireachtas Joint and Select Committees

Thursday, 21 July 2016

Public Accounts Committee

2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015

9:00 am

Mr. Conor O'Kelly:

They are almost non-existent at this stage. Essentially, they were mostly deferred tax liabilities that we were claiming such as taxes that had been withheld for the most part in certain jurisdictions and that takes quite a long time. If one thinks about investments being sold, the liquid investments are sold and moved into the ISIF and moved into the fund, other less liquid investments, and then we were into the long tail, which was claiming back withholding tax among other issues. Right now, I believe there is less than €1 million outstanding from the entire portfolio which is still being claimed from the Canadian authorities, as it happens.

Comments

No comments

Log in or join to post a public comment.