Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I move amendment No. 73:

In page 215, to delete lines 5 to 14 and substitute the following:

“(c) The substance-based income exclusion amount of a relevant investment entity shall be determined in accordance with subsections (1) to (7) and (10) to (12) of section 111AE, taking into account only eligible tangible assets and eligible payroll costs of eligible employees of the relevant investment entity.”.