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
Rose Conway Walsh (Sinn Fein) | Oireachtas source
I will finish with this. I find it very difficult to make sense of the fact that AIB has such a write-down for a bunch of funds that will then flip the portfolio over in the short term, will make huge profits but will pay no tax on it, when a restructuring could possibly be done. My concern is that ultimately, tenants in those properties will be turfed out or their rents will be hiked.
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