Seanad debates

Wednesday, 5 December 2018

Finance Bill 2018: Committee Stage

 

10:30 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I cannot accept what the Minister of State says either. Placing a report before the Houses on restricting banks from carrying losses forward against tangible profits cannot harm the banking system. Banks should pay their fair share of tax. We are only asking for a 25% cap on the profits that can be written off against losses carried forward in any given year with an absolute ten year limit on that. I cannot accept that we cannot request the banks to pay more tax at this time.

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