Eoghan Murphy (Dublin Bay South, Fine Gael)
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The expectation is that it will not happen because it has not happened in terms of commercial or residential mortgage securitisations. That is why they are being stepped out of this. It is to allow it to remain in place so that the banks can continue that with legitimate securitisation. There does not seem to be a risk that foreign institutional investors would then try to step into that space to avoid paying this tax. If they did, however, there are other tax avoidance measures in place which would prevent that from happening. Let us ensure that we are on the same page-----