Pearse Doherty (Donegal, Sinn Fein)
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Let us take an example whereby the Minister of State owns 11% of the fund and I own 9%. When the dividends are paid out, we each get €1 million. The Minister of State pays to the Irish State 20% or the fund will hold 20% on his behalf. For me, if I were an American, it would be 15%. Regardless of who makes the decision, this will only apply to dividends and income generated from the funds.