Oireachtas Joint and Select Committees

Thursday, 22 March 2018

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

Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Allied Irish Banks

9:30 am

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

Will the bank go ahead with the bonus scheme if we refuse to remove that provision from the Irish tax code? Let us call a spade a spade. We are all grown-ups, we know how this works. There is no way that the bank is introducing a deferred bonus scheme for senior executives which only provides 10% of the reward being provided for. The bank has done this with either an understanding or with a touch of arrogance which will force the Irish Parliament to remove this provision because we are returning to normality. Otherwise, Mr. Bourke can tell me that the bank will go ahead with this regardless of the position of Parliament.

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