Seanad debates
Wednesday, 11 November 2009
National Asset Management Agency Bill 2009: Committee Stage (Resumed)
1:00 pm
Willie O'Dea (Limerick East, Fianna Fail)
It is because it is a State body. The income accruing to NAMA accrues to the State, so what we would be doing by taxing the income from NAMA is to have the State apply income tax on its own income to hand back to itself.
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