Taxes Consolidation Act, 1997 (Number 39 of 1997)
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230AC Strategic Banking Corporation of Ireland
Notwithstanding any provision of the Corporation Tax Acts, profits arising to the Strategic Banking Corporation of Ireland or a subsidiary wholly owned by it or a subsidiary wholly owned by any such subsidiary shall be exempt from corporation tax.
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Inserted by SBCoIA14 part7(1)(b). Does not apply in circumstances where the Minister does not hold all of the shares in the SBCI.