Ms Ann Nolan:

Obviously, the Revenue Commissioners would not give us information on individual taxes. When one reads the banks' annual accounts, however, one can see that they still have deferred tax assets, that is, they have losses on their books that they set against corporation tax. We talked earlier about the bank levy and that is one of the main reasons we have a bank levy. It is not just the banks that we bailed out, it is all the banks in the system that have deferred tax assets or losses on their systems.