CarVal firms pay just €500 in taxes

US vulture moved over €130m to parent companies following distressed assets activities here

6th November, 2016

CarVal, the multibillion US private equity firm that has heavily invested in toxic Anglo Irish Bank debts, shifted over €130 million to parent companies in low-tax jurisdictions while paying just €500 in Irish taxes.

The figures are revealed in filings for three CarVal subsidiaries lodged with the Companies Office in recent days. All three companies – Feniton Property Finance, Launceston Property Finance and Gulland Property Finance – are so-called Special Purpose Vehicles (SPVs), specifically set...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Comment: Innovative approach needed to tackle housing crisis

Housing Dwayne McAleer 8 hours ago

Willie O’Reilly: Media commission can’t be just a worthy talking shop

Media Willie O'Reilly 10 hours ago

Comment: Domestic law makers far better placed than CETA’s investment courts to judge policy choices

World Oisin Suttle 11 hours ago

Susan O’Keeffe: Public wants clarity, not false promises, from government