Oireachtas Joint and Select Committees
Thursday, 5 July 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Bank of Ireland
9:30 am
Joan Burton (Dublin West, Labour) | Oireachtas source
I will finish on this point. According to note No. 63, Bank of Ireland has carried forward €1.1 billion in tax losses. That is a significant advantage to the bank which it claims could last until 2035. In most other jurisdictions a minimum effective rate of taxation would be levied. Does the bank have a view on how the tax losses carried forward are working in its favour?
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