EML 2.50% 82.0¢ eml payments limited

Ann: Central Bank of Ireland correspondence, page-65

  1. 601 Posts.
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    Look, the European operations of PFS are conducted under Ireland jurisdiction and pay tax to the Irish government. Read it this way: business conducted all over Europe; tax paid to Ireland. So it would be stupid for Ireland to shut it down entirely. We are dealing with a one-off penalty which is certainly not as bad as 40% of the EML's value. The whole PFS Ireland is responsible for 27% of EML revenue: how come we are observing such a drop. Just another reason why markets are outright stupid!
    Last edited by maxkieh: 19/05/21
 
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