Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion (Resumed)

Photo of Patricia RyanPatricia Ryan (Kildare South, Sinn Fein)
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I thank our guests for being here. Given that pensions make up the largest portion of age-related costs, could any action be envisaged such that corporation taxes on profits made by the domestic banks that were recapitalised at the expense of the National Pensions Reserve Fund be paid directly into a purpose-built, ring-fenced pension reserve fund and, instead of exempting those same banks' profits from corporation tax, that those taxes be directed back to restore the funds to utilise them better?