Oireachtas Joint and Select Committees
Tuesday, 15 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage (Resumed)
2:00 pm
Stephen Donnelly (Wicklow, Social Democrats)
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Banks, obviously, can securitise loans but they do not tend to do it through section 110. There is no reason an Irish bank securitising Irish mortgages should be availing of section 110. That would suggest it is involved in tax avoidance in which it should not be involved.