Finance Bill 2021: Committee and Remaining Stages
Seanad Éireann — 2021-12-14
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Paul Gavan (SF), Labour Panel

I move recommendation No. 12:
In page 94, between lines 33 and 34, to insert the following:
“Report on restricting banks from carrying forward losses
37. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on restricting the banks from carrying forward losses against taxable profits in a manner which could result in many institutions paying no corporation tax for the foreseeable future by introducing a 25 per cent cap on profit that can be written off by carried forward losses in any given year and an absolute ten year limit on the use of loss for this purpose.”.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2021-12-14/debate/main
Retrieved: 2026-08-14T04:49:57+00:00
Sitting date: 2021-12-14