Banks, property giants and multinationals to be targeted in new tax report

PAC paper recommends limiting banks’ ability to pay no corporation tax; FF, SF and other opposition TDs likely to push for implementation of findings

6th May, 2018

A radical shake-up of Ireland’s corporate tax system, targeting banks, property funds and tax breaks for multinational giants is set to be recommended by the Dáil’s most powerful committee.

A confidential draft report from the Public Accounts Committee(PAC), seen by The Sunday Business Post, calls for the government to change the law that currently allows bailed-out banks to avoid paying corporation tax for decades to come....

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