Oireachtas Joint and Select Committees
Wednesday, 5 July 2023
Committee on Budgetary Oversight
Sovereign Wealth Funds: Discussion (Resumed)
Patricia Ryan (Kildare South, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
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?