Oireachtas Joint and Select Committees
Wednesday, 1 June 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Use of Section 110 by Russian Firms: Dr. Jim Stewart
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
Dr. Stewart then goes on to mention the general features of these firms and that they vary considerably in size. I can understand that but on one of the tables he has provided here, in the area of employees, for example, Table 2 which refers to assets of Russian firms in Ireland, there was a significant number of these section 110 firms in Ireland in 2020 which had zero employees. The aircraft leasing firms, which involve a great deal of money, had, I believe, 32 employees. The Vtb Commodities firm had zero and Aughinish Alumina had 459 employees. There is not any great number of people actually employed in these firms with the exception of that one company.
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