Seanad debates
Wednesday, 11 November 2009
National Asset Management Agency Bill 2009: Committee Stage (Resumed)
1:00 pm
Marc MacSharry (Fianna Fail)
However, if the SPV makes a profit, and 51% of it is privately owned, is the SPV subject to corporation tax before it splits up the dividend? In effect, will the State tax its 49% before it then hands on the profits to NAMA?
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