Oireachtas Joint and Select Committees
Tuesday, 21 March 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Overview of the Credit Union Sector: Discussion
4:00 pm
Mr. Ed Farrell:
Actually, most of the credit unions would be paying dividends. They would be very modest dividends because the European Central Bank rate is zero, but most credit unions would be paying modest dividends linked to the ECB rate of less than 0.5%. The imposition of DIRT takes half of that away, so one is talking about half of half of one per cent.
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