Oireachtas Joint and Select Committees
Thursday, 14 December 2017
Public Accounts Committee
2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation
9:00 am
Mr. Des Carville:
I will talk about that. Deputy Murphy is talking about the tax losses, the deferred tax assets, that the banks hold. There are probably several important points in this regard, which are often overlooked, unfortunately. First, the banks do pay tax, obviously. Payroll taxes, VAT and so on, so-----
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