Oireachtas Joint and Select Committees
Thursday, 21 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Allied Irish Banks
9:30 am
Mr. Bernard Byrne:
Again, this is a topic we have talked about before. When one looks at the issue of deferred tax, as part of the initial bailout credit for €3 billion of deferred tax assets was given to the State. The bailout was reduced by that amount. It was part of that original consideration. The value of the bank's total assets already include a deferred tax assets. That is realised as the State sells down its share holding. So the 29% sold-----
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