Oireachtas Joint and Select Committees
Tuesday, 15 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage (Resumed)
2:00 pm
Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source
It is specific to the IREF but to come back on it quickly, if they were to do that and to backdate, clearly that would be fraud because they are trying to avoid paying the tax in a demonstrable way because it is linked to the date on which the section 110 amendment was first published, so they could not do that. However, even if they did step into a QIF for an Irish collective asset management vehicle, ICAV, in that way, they would not be exempt from the withholding tax that would be applied. Which type of funding did the Deputy say might be in-----
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