Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Will the fact that Permanent TSB holds 5% exempt the SPV from tax as a section 110 company? Does the prospectus not specifically mention a way around the legislation which this committee introduced to close this loophole? It is because Permanent TSB, as the originator of these loans, will hold a beneficial interest of 5%. If our guests do not want to admit that, it is in the prospectus in black and white I will read it out for them.