John McGuinness
Question:229 Mr. McGuinness asked the Minister for Finance the amount paid by deposit holding institutions in corporation tax in 2004. [14366/05]
View answerWednesday, 4 May 2005
Questions (202)
Written answers
The estimated corporation tax paid in 2004 by all banks, their Irish subsidiaries, building societies and banks in the Irish Financial Services Centre was €580 million. It is not possible to identify and exclude any taxpaying banks which may not have a deposit-taking facility without conducting an extensive investigation. This figure does not include any foreign tax paid by Irish financial institutions in respect of their overseas operations, which is likely to be significant.