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Ireland Publishes Responses to Public Consultation on the Future of the Bank Levy

|Proposed Changes|Ireland
Ireland

Ireland's Department of Finance published the responses to its public consultation on the future of the bank levy, including submissions from 18 respondents.

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Introduction

The "Further levy on certain financial institutions", more commonly known as the "Bank Levy" (the Levy), was first announced as part of Budget 2014 as a revenue raising measure which would allow for a contribution to be received from the banking sector towards Ireland's economic recovery.

Originally designed to r…

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