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
The profit participating note would not have been taxed because section 110 companies were not treated as a trading company might have been. Under the changes proposed in this amendment, a non-resident investor will be subject to 25% tax when the distribution is made.
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