Government to fight attempt to alter banks’ tax amnesty

Government to fight attempt to alter banks’ tax amnesty

Fianna Fáil and Sinn Féin are increasing pressure on the minority government to limit the capacity of bailed out banks such as AIB, Bank of Ireland and Permanent TSB to offset historic losses against their current tax bills

The government is to block opposition efforts to change the law that allows the state’s bailed-out banks to avoid paying corporation tax for decades to come.

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