Pearse Doherty (Donegal, Sinn Fein)
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I do not want a report either but it is the only way we can table this issue. I want the Minister to take action and revert the measure. I want the banks, AIB and Bank of Ireland, which will make significant profits, to pay tax on those profits by limiting the volume of losses that can be carried forward in a given year, but he is not going to do that. I have read the report but I still do not understand why he will not do that. An argument was made at the time it was important to allow the banks to carry forward losses of 100% because of its potential in respect of capital ratio but those arguments no longer wash. In simple terms, why should our tax code provide that AIB will not pay tax on billions of euro in profit, cumulatively, for the next two decades?