Frances Black (Independent) | Oireachtas source

I move recommendation No. 21:

In page 146, after line 36, to insert the following:“Report on restricting banks from carrying forward losses

64. The Minister shall, within 6 months from the passing of this Act, prepare and lay before both Houses of the Oireachtas a report on policy options which could be taken to restrict banks from carrying forward losses against taxability of their current profits of those banks in respect of Budget 2020.”.

This amendment would see the Minister draw up a report on restricting the banks from carrying forward losses and explore policy options in that regard. Will the Minister of State comment on the current policy options he is exploring and his intentions in this area? I will be reintroducing this on Report Stage.