ELI5: Explain Like I'm 5

Irish Section 110 Special Purpose Vehicle

An Irish Section 110 Special Purpose Vehicle is a type of company that's used in Ireland to help people (and companies) manage their taxes. These types of companies are set up so that money can be put in, and any money earned from investments or other activities in the company is taxed at a reduced rate, so it's a great way for people to save money!