Funds industry opposes reforms to secretive partnership structures
Companies Registration Office describes growth in LP numbers as ‘abnormal’
The international funds industry is resisting proposed transparency reforms to Limited Partnerships (LPs), according to documents seen by the Business Post. The government is drafting new legislation to reform LPs as registrations of the secretive structures in Ireland have almost tripled since 2014.
LPs are tax-free structures established under a 1907 Act that allows multiple partners with limited liability to carry out business activities through a general partner with unlimited liability. The structures are...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
PUP should be cut faster to get workers back, Isme says
Group says lack of state guidance on companies’ right to staff vaccination status puts employers in an impossible position
Rising cost of construction materials to mean ‘some pain for everybody’ – Nama chief
McDonagh says spiralling construction prices a global issue and not just a problem for Ireland
Former McKinsey consultant argues that humans are instinctively good in new book
Éamonn Toland writes that scientific evidence suggests humanity’s ‘default position is to be kind’