The Chairman of the AIB Group has said that his bank will comply with the findings of the Comptroller General's investigation into the non-payment of DIRT tax on bogus non-resident accounts. Speaking at the Bank's AGM in Cork, Loughlin Quinn reiterated AIB's position that the company believed it had a deal with the Revenue Commissioners in 1991 on the DIRT tax issue.
Mr. Quinn said that AIB believed then that if what happened historically was, as he put it, cleared up, then the Bank could go on from there. This claim is disputed by the Revenue Commissioners and the non-payment of DIRT tax on bogus non resident accounts is now the subject of an investigation by the Comptroller and Auditor General, extending to 20 financial institutions.
