Last Thursday, Solidarity-People Before Profit TD Richard Boyd Barrett and Minister for Finance Paschal Donohoe had an interesting exchange in the Dáil about the taxation of so-called Section 110 special-purpose vehicles (SPVs). I found it interesting because it was based on an article I had written about the Irish SPV established by US investment bank Goldman Sachs to acquire part of a €1.9 billion loan book from KBC in 2018. Boyd Barrett raised the €153 million tax-free profit generated by the company. As I reported, Tramore Funding DAC achieved this through the quick acquisition and resale of Irish buy-to-let mortgages…

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