DUBLIN, Sept 6 Ireland's finance minister
proposed on Tuesday to amend tax laws to address what he called
the perceived misuse of some special purpose vehicles, so-called
section 110 companies, to avoid paying tax on property
"I am publishing this proposed amendment to ensure that the
tax provisions are ring-fenced for bona-fide securitisation
purposes ... and ensure that the Irish tax base is appropriately
protected," Michael Noonan said in a statement.
"As this is a proposed amendment, for inclusion in the
forthcoming Finance Bill, I will evaluate and give due
consideration to any further amendments that are proposed. If
any further abuses of the section 110 regime are identified,
further measures may be brought for my consideration."
(Reporting by Padraic Halpin; editing by David Clarke)