Vulture fund with €265m assets paid €250 in tax

A US private equity firm with over €265 million in assets held by its Irish subsidiary paid just €250 in corporate tax to the Revenue Commissioners last year.

Fortress Credit Ventures (Europe), which is a subsidiary of the $70 billion US Fortress Investment group, was set up to invest in distressed assets around Europe.

It was an unsuccessful bidder for Nama’s controversial Project Eagle loan sale in 2014.

While it has not been ...