Mairéad Farrell (Galway West, Sinn Fein) | Oireachtas source

My concern is that the State applies a corporate tax rate on passive income, which is designed to protect against entitles that have little to no economic activity. With section 110, companies are effectively tax neutral due to an ability to use interest-free payments to write down taxable profits. It is for that reason I am interested in pressing my amendment.