Oireachtas Joint and Select Committees
Tuesday, 15 December 2020
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues in Ireland: Central Bank
Peadar Tóibín (Meath West, Aontú) | Oireachtas source
Would it be fair to say that the fact that banks in this country enjoy profits that are tax-free is also a barrier to entry? For example, Permanent TSB will not pay any taxes until 2038. AIB will not pay any taxes on its profits until 2037. If I were a European company coming into a market and was competing with companies that were not paying tax on their profits, would that be a barrier to entry?
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