Oireachtas Joint and Select Committees

Tuesday, 26 September 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland (Resumed): Allied Irish Banks

4:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The return is peanuts compared with the tax return if the bank were only allowed to carry forward a section of those losses. The bank's current profitability is significant and fair play to Mr. Byrne as CEO on recording €840 million profit in six months. On that current profitability, it will take 20 years before AIB pays tax. However, the taxpayer deserves taxes to be paid in full as soon as possible or at least properly phased. It was not the witness' decision; it was a decision by politicians.

When will a decision be made on a planned dividend?

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