Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion (Resumed)

Mr. Matthew McGann:

If I understand the Deputy's question correctly, it is that the losses the banks are carrying forward be allowed to be set against their corporation tax liabilities and that that should be looked at in order that the increased tax would be used to replenish the fund. Is that it?