Saturday May 30, 2020

Why we should tax the banks

As political momentum grows to change the rules and start taxing banks on profits, Ian Kehoe looks at how this could be the latest issue that highlights uneasy relationship between the banks, politics and the taxpayer.

14th March, 2018
2
Chair oSean Fleming TD surrounded by some of the members of the Public Accounts Committee Photo: Sam Boal/Rollingnews.ie 

The sale was added to the narrative that the state had prioritised the interests of the banks over the people.

The sale now looks to the jettisoned and the state looks poised to introduce new regulations for the owners of mortgages. It was also a political win for Fianna Fail.

Now, the opposition is set to focus on the issue of how much – or rather how little – the banks actually pay in tax....

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