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
Stephen Donnelly (Wicklow, Social Democrats) | Oireachtas source
I thank the Minister of State. Using numbers to illustrate, I wish to clarify what the Minister of State told Deputy McGrath. If a vulture fund declares profits of €100 million in a given year, it can deduct commercial loans, but it must pay €25 million in tax, a rate of 25%.
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