CarVal firms pay just €500 in taxes
US vulture moved over €130m to parent companies following distressed assets activities here
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...
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