Dáil debates

Thursday, 28 February 2019

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Banking Sector Regulation

11:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The offer the Minister made regarding the Report Stage amendments to the Brexit Bill is very welcome.

On the question I have before him, he will be aware that this is the annual reporting season for the financial institutions. We have heard some of those reports already with respect to mega profits being made on the back of very high interest rates and repossessions taking place within the banks, but we still have the scandal of banks not paying any corporation tax on their profits. I have put forward a proposal where we would cap the losses at 25% and that proposal stands. Is it time for the Government to consider a proposal of that nature?

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