Oireachtas Joint and Select Committees
Thursday, 4 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Bank of Ireland
Ms Francesca McDonagh:
We do not provide profit projections in our annual accounts but, based on normalised profit, we estimate that the deferred tax asset in individual subsidiaries will run until 2030. That does not mean that we will not pay corporation tax here until 2030. As I have said, we paid €21 million in 2018.
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