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
None of the things to which the Minister of State referred cannot be done through a normal asset management company. There are alternatives to section 110. Any asset management company can do what the Minister of State just described. The reason to apply section 110 is to avoid tax. That is all section 110 does. It just makes the company exempt from paying taxes.
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