Speedy probe into vulture funds' tax urged

Donnelly says methods in Sunday Business Post report could be costing billions

25th July, 2016
Speedy Section 110 probe urged

The paper revealed that so-called vulture funds which have spent billions of euro in acquiring loans in Ireland – and are now making tens of millions from property here – are paying as little as €250 to Revenue.

Speaking on RTÉ radio, Donnelly said that the use of Section 110 status to lower tax bills could amount to tax avoidance "on a scale the Irish state has never seen before".

Department of Finance and the...

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