Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion (Resumed)

Mr. Matthew McGann:

I have to admit that this is not my area, but my understanding is that the carry forward of losses is not specific just to the banks but is just a part of the general tax system. I am not sure about the tax system implications of that. We would need one of our tax colleagues here to answer that question.