Ulster Bank: banking levy is double taxation
Lender angry over ‘clear inequity’ of €25m bill
A war of words has erupted between Ulster Bank and the government over the lender’s €25 million banking levy bill, which it says will “undermine the international view of Ireland” as it seeks to attract financial services jobs post-Brexit, private government papers show.
The government last year redrew the rules for the bank levy, introduced in 2014 to ensure a contribution from the banking sector towards the economic recovery.
In a letter...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures