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
If one is holding less than 10%, then one is essentially blind as to how the fund is investing. Accordingly, one does not have a controlling interest. That is why if one is holding over 10%, one would be liable for the tax and would not be able to write it off against taxes in one's own country.
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