Written answers
Tuesday, 18 November 2014
Department of Finance
Banking Sector
Michael McGrath (Cork South Central, Fianna Fail)
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163. To ask the Minister for Finance the amount of deferred tax assets held by the State supported banks; his plans to review how these are treated in the tax system; and if he will make a statement on the matter. [43898/14]
Michael Noonan (Limerick City, Fine Gael)
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As per the respective bank's interim reports, deferred tax assets at 30 June 2014 were:
- Allied Irish Banks - €4.0bn
- Bank of Ireland - €1.7bn
- Permanent tsb - €0.4bn
I can confirm for the Deputy that I have no current plans to review how deferred tax assets are treated in the tax system.
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