Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Why is there an exception? I do not understand it. Why does the Minister of State's note indicate that it will not apply to them? The note in the explanatory memorandum states: "The withholding tax will not apply to certain categories of investors such as pension funds, life assurance companies and other collective investment undertakings." What are these other collective investment undertakings? I think the Minister of State has just listed them. I want to know why withholding tax does not apply to them.