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Written Answers — Department of Finance: Tax Yield (13 Jul 2023): Pearse Doherty: 300. To ask the Minister for Finance the estimated revenue raised by introducing a 25% and 50% cap, respectively, on corporation tax loss relief utilised in a single year by NAMA participating banks, and separately, by all banks, in first and full-year terms. [35250/23]
Written Answers — Department of Finance: Tax Yield (13 Jul 2023): Michael McGrath: .... I am advised by Revenue that the estimated revenue which could be raised by introducing a 25 percent and 50 percent cap, respectively, on corporation tax loss relief utilised in a single year by NAMA-participating banks and by all banks would be dependent on future profitability, and therefore cannot be estimated. Information can be provided in respect of the years 2019 to 2021 (the...

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