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

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Social Democrats)
Link to this: Individually | In context | Oireachtas source

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.