SBP editorial: Why the Irish banks need to start paying tax
The banks and the brokers exhaled a collective sigh of relief last week when the Minister for Finance pledged to retain lenders’ ability to use accumulated losses built up during the financial crisis to pay no corporation tax over the long term. Shares in AIB and Bank of Ireland rose steadily following Paschal Donohoe’s comments, while Davy Stockbrokers upgraded AIB’s shares to outperform and added Bank of Ireland to its “conviction list” of stock picks.
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