Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I move amendment No. 49:

In page 77, after line 32, to insert the following: "Report on restricting banks from carrying forward losses

31. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on restricting the banks from carrying forward losses against taxable profits in a manner which could result in many institutions paying no corporation tax for the foreseeable future by introducing a 25 per cent cap on profit that can be written off by carried forward losses in any given year and an absolute ten year limit on the use of loss for this purpose.".

Given the lateness of the house and the fact that we will not get through the Bill by the end of tomorrow, I will withdraw this amendment. I may resubmit it on Report Stage.