Liam Twomey (Fine Gael)

We were told that all of the bonds it is handling for the State are exempt, although the investors and whatever dividend they are paid are not exempt. I understand this because this involves income for these individuals. The Minister is suggesting that any profits made on handling these bonds and in dealing with them on behalf of the State, which are being handled by the SPV on behalf of NAMA, which is still a private company-----