Donnelly to competition watchdog: probe use of Section 110

The use of Section 110 by vulture funds to reduce their tax bill to just €250 resulted in major changes to the scheme in the finance bill

23rd July, 2017
Fianna Fáil TD Stephen Donnelly

Fianna Fáil TD Stephen Donnelly has asked the competition watchdog to examine whether the use of the controversial S110 structure by funds backed by the Irish Strategic Investment Fund (ISIF) could fall foul of Irish or EU law.

It follows a report in The Sunday Business Post, which detailed how at least two firms backed by ISIF are using the structure.

The use of Section 110 by vulture funds to reduce their tax...

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