Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I move amendment No. 23:

In page 94, between lines 4 and 5, to insert the following:

“Report on restricting banks from carrying forward losses

37.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on restricting the banks from carrying forward losses against taxable profits in a manner which could result in many institutions paying no corporation tax for the foreseeable future by introducing a 25 per cent cap on profit that can be written off by t carried forward losses in any given year and an absolute ten year limit on the use of loss for this purpose.”.

I will press the amendment. It was discussed on Committee Stage at length.

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