asked the Minister for Finance if he will state how many of the banks operating in the Republic of Ireland are paying income-tax here.
Ceisteanna—Questions. Oral Answers. - Banks' Income-Tax Payments.
Five of the nine banks operating in this country are chargeable to income-tax here. The remaining four, being managed and controlled in Great Britain or Northern Ireland, are granted exemption from Irish income-tax under the terms of the agreement, which, of course, is on a reciprocal basis, between the Government and the British Government in respect of double income-tax. The four banks which are exempt from Irish income-tax are, however, liable to Irish corporation profits tax on profits arising in this country.