Oireachtas Joint and Select Committees

Tuesday, 23 March 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector: Engagement with Bank of Ireland

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Okay, I thank Ms McDonagh for that. I appreciate her response. I will ask a final question. Ms McDonagh mentioned that Bank of Ireland paid back the State in full. In fairness, I give the bank credit for it. That must be accepted. The bank, however, has probably also benefited from a significant amount of corporation tax foregone over the last ten years. Can Ms McDonagh give us an idea of how much corporation tax has not been paid over the last ten years by Bank of Ireland as a result of the laws we currently have?

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