Builders want EU clarification on Nama complaint

Developers say Nama’s favourable tax status is the same as Apple ‘illegal state aid’

18th December, 2016
Nama head offices in Dublin Pic: RollingNews.ie

A group of disgruntled property developers has told the European Commission that Nama’s favourable tax status is the same as the ‘illegal state aid’ which resulted in a €13 billion penalty being handed down to Apple.

The charge is contained in a letter sent by the property developers to the European Commission, which it has asked to investigate Nama’s plans to expand into the residential development market.

The challenge,...

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