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| An Irish [[Section 110]] [[special purpose vehicle]] is an Irish tax resident company designed for use in [[securitisation]] transactions, which qualifies under Section 110 of the [[Irish Taxes Consolidation Act 1997]] ("TCA") for a special tax regime that enables it to be tax neutral in {{tag|Ireland}}.
| | #redirect[[SPVs in Ireland#Section 110 Companies]] |
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| This means it is a common Irish [[espievie]].
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| [[Section 110]] was created to help [[International Financial Services Centre]] ([[IFSC]]) legal and accounting firms compete for the administration of global securitisation deals. They are the core of the IFSC structured finance regime.[1] and the largest SPVs in EU securitisation[2] Section 110 [[SPV]]s have made the IFSC the fourth largest global shadow banking centre.[3] They pay no Irish taxes, but contribute around €100m annually to the Irish economy in fees paid to IFSC legal and accounting firms.
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| {{seealso}}
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| *[[Espievie]]
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Latest revision as of 17:52, 5 June 2018