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

Will the Minister clarify the nature of the gap in the 2016 changes that were made and the impact the existence of that gap over the past 12 months will have had in respect of the changes made to the treatment of section 110 companies in the Finance Act 2016? We made those changes a year ago. We amended section 17 of the current Finance Bill as published to include shares that derive their value from Irish land in the definition of specified mortgages. In respect of the interest issue, the Minister now proposes to make a change that may be technical but is not without consequence. He needs to clarify this issue.

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