Oireachtas Joint and Select Committees
Wednesday, 5 July 2023
Committee on Budgetary Oversight
Sovereign Wealth Funds: Discussion (Resumed)
Mr. Pat Leahy:
I would not think so. To the extent that those profits are made, they are made on whatever trading businesses they are doing at the moment, so no, the profits we are talking about are profits by the foreign multinationals here as opposed to profits made by domestic entities like the existing banks.