A section 110 company provides an onshore platform in an environment of increased international focus on tax havens and principles of the Organisation for Economic Development (OECD), especially transparency. In practice a section 110 company can be almost tax-neutral from an Irish perspective. All profit-participating interest payments should be tax-deductible, as should swap payments, management fees, service fees, and other funding costs.
There is no withholding tax on interest payments made
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