Dáil debates
Wednesday, 22 November 2023
Finance (No. 2) Bill 2023: Report and Final Stages
8:00 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I move amendment No. 53:
In page 71, between lines 20 and 21, to insert the following: “ ‘indirect qualifying subsidiary’ means, in respect of a qualifying financing company, a company that would be a qualifying subsidiary but for the fact that 75 per cent or more of its ordinary share capital is held directly by an intermediate holding company;
‘intermediate holding company’ means a company 75 per cent or more of the ordinary share capital of which is held directly by a qualifying financing company and whose business consists wholly of the holding of ordinary share capital in one or more than one indirect qualifying subsidiary of that qualifying financing company;”.
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