Oireachtas Joint and Select Committees
Thursday, 11 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Allied Irish Banks
Ms Helen Dooley:
I understand the reality of the law here is such that tax losses are allowed to be applied against profits. The deferred tax asset on our balance sheet is an asset that is taken into account when valuing the State's investment in the bank.
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