'Not acceptable' for bailed-out AIB to avoid paying corporation tax for 30 years, says Burton

Labour spokesperson on Finance Joan Burton has repeated her called for a minimum effective corporation tax rate, as it was revealed that AIB had informed potential investors that it will pay no corporate tax for up to 30 years.

Deputy Burton said: “The largest bank in Ireland, which cost us €20.8bn to bail out has been informing potential investors that it will pay no corporation tax for up to 30 years.