Ulster Bank: banking levy is double taxation

Lender angry over ‘clear inequity’ of €25m bill

19th February, 2017

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.

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