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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I am sure Ms Dooley has read the report commissioned by the Department of Finance. It stated that if we changed the law, to reflect a rate of 50% again, we would still be better off within a period of less than two years in terms of the amount of money we would get in tax, even accounting for a potential drop in the valuation of the shares the State holds within the banks. We are losing out. It is a lose–lose situation. The beneficiary is obviously the bank. We get a dividend but 29% of it goes to international investors. I will move on from the issue. I am sure it is a matter we or I will continue to pursue in the Oireachtas.
How many of the properties held by AIB are currently vacant?
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