John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

With the permission of the committee, I will ask the clerk to forward to the Minister the diagram that was given to us by Permanent TSB in respect of Pepper Ireland and Glenbeigh Securities, which explains the structure of the companies and how they operate in terms of the taking over of these loans. I do not expect, or want, the Minister to respond now because it is a detailed technical tax-related issue but I ask that following examination of the diagram by him and his officials, his officials would come back to the committee to tell us how this particular type of special purpose vehicle, SPV, works, including where it does and does not govern and how it governs. I am trying to figure out where the tax law in Ireland kicks in and where the money goes to. I believe there is a role for the Department of Finance and Revenue to clarify that for the committee.