Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The amendment calls for a report on the tax neutral status available to section 110 companies that are involved in the loan origination business. It would examine removing this tax neutral status. That is what we are seeking and what we will be voting on. It is immoral that companies which record millions of euro in profits pay €250 in tax. The Minister and others who will vote against the amendment or abstain on the issue will tut tut about tax evasion, but the Minister is engineering tax evasion into our tax code. These companies are breaking no laws and the Revenue Commissioners are doing exactly what is required of them because they are applying the laws of the State, which we as politicians design. We have designed this law. Thank God we changed the law on property and so on last year, but now it is time to change the law on loan origination. This amendment calls merely for a report to examine the issue. Therefore, I will press the amendment.