Financial Provisions (Covid-19) (No. 2) Bill 2020: Committee Stage (Resumed) and Remaining Stages
Seanad Éireann — 2020-07-30
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Sean Fleming (FF), Laois-Offaly

I thank the Senator for bringing up this matter. We have had a discussion on it. I want to clarify one or two issues and respond to the general point made by the Senator.
I assume the intention of the Senator's recommendation is to propose consideration of restricting corporation tax loss reliefs for banks to a maximum of 50% of their profits each year. That was the position at the time of the bank crisis but it was amended subsequently - I forget the particular year - to allow them bring 50% of their losses forward-----

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2020-07-30/debate/main
Retrieved: 2026-08-14T04:48:30+00:00
Sitting date: 2020-07-30